Consumption in Czech Republic
Czech Republic - Consumption
Economy expands at softer pace in Q4
The economy expanded 0.4% in seasonally adjusted year-on-year terms in Q4, following Q3’s 1.5% increase. Sustained inflation, downbeat consumer sentiment and tighter financing conditions hit spending in the quarter. Meanwhile, output decreased 0.3% on a seasonally adjusted quarter-on-quarter basis in Q4, following the 0.2% contraction recorded in Q3.
External demand and capital formation positively contributed to year-on-year growth in Q4, while consumer spending shrank. A detailed breakdown is scheduled to be released on 3 March.
FocusEconomics Consensus Forecast panelists expect the economy to expand 0.4% in 2023, which is down 0.1 percentage points from the previous month’s projection, and grow 2.9% in 2024.
Czech Republic - Consumption Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Consumption (annual variation in %) | 3.8 | 3.5 | 4.4 | 3.1 | 3.0 |
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.64 | -1.85 % | Dec 31 |
| Exchange Rate | 22.76 | -0.66 % | Dec 30 |
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Economic News
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Czech Republic: Manufacturing PMI rises in January
February 1, 2023
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose from 42.6 in December to 44.6 in January.
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Czech Republic: Economy expands at softer pace in Q4
January 31, 2023
The economy expanded 0.4% in seasonally adjusted year-on-year terms in Q4, following Q3’s 1.5% increase.
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Czech Republic: Economic sentiment rises in January
January 25, 2023
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 92.0 in January from 89.7 in December. Consumer sentiment increased in January, with the index rising to 82.9 from 75.5 in December.
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Czech Republic: Inflation moderates in December
January 16, 2023
Inflation came in at 15.8% in December, which was down from November’s 16.2%.
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Czech Republic: Industrial output growth decelerates in November
January 9, 2023
Industrial output grew 0.5% year on year in working-day adjusted terms in November, which was below October's 3.1% increase.
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