Czech Republic Economic Sentiment December 2021

Czech Republic

Czech Republic: Economic sentiment virtually ticks up in December

January 3, 2022

The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 95.5 in December from 95.2 in November, when it marked the worst print since April.

Consumer confidence strengthened in December, with the index increasing to 92.3 from 90.4 in November. The rise mainly reflected consumers’ easing albeit still considerable concerns regarding inflation and unemployment.

Meanwhile, the business confidence index remained unchanged at November’s 96.2 in December. The result came on the back of rosier sentiment in the industry, construction and trade sectors offsetting weaker confidence in the selected services sector.

FocusEconomics panelists expect private consumption to increase 5.1% in 2022, which is down 0.2 percentage points from last month’s projection. For 2023, they see consumer spending growth at 3.0%.


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Czech Republic Economic Sentiment December 2021

Note: The Economic Sentiment Indicator is in compliance with the EU methodology presented as a weighted average of confidence indicators in industry, construction, trade, selected services and the consumer confidence indicator. Long-term average 2003-2019=100.
Source: Czech Statistical Office (CSO).


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