Fiscal Balance in Czech Republic
Czech Republic - Fiscal Balance
Available hard data suggests growth accelerated in the fourth quarter of 2018, following a subdued third quarter in which economic activity was constrained by tepid consumer spending and a negative performance of the external sector. Industrial production rebounded vigorously and export growth soared in October, boosted by strong car production. In the same month, retail sales bounced back, supported by an extremely tight labor market and rising wages. That said, survey-based indicators for October-December still point to a lukewarm expansion, suggesting the scope of the acceleration could be limited in Q4. In view of a possible future economic slowdown—and of its effects on banks’ balance sheets—in mid-December the Central Bank raised the counter-cyclical capital buffer for banks to 1.75%, which will take effect in January 2020. On the political front, on 20 December the parliament finally passed the 2019 budget, which targets a deficit of 0.7% of GDP and includes hikes in pensions and public sector wages.Czech Republic - Fiscal Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -1.2 | -2.1 | -0.6 | 0.7 | 1.6 |
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.84 | -1.85 % | Jan 16 |
| Exchange Rate | 22.45 | -0.66 % | Jan 16 |
| Stock Market | 1,019 | -0.10 % | Jan 16 |
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Economic News
Czech Republic: Inflation remains at Central Bank’s target in December
January 10, 2019
Consumer prices rose 0.1% from the previous month in December, rebounding from November’s 0.1% dip.
Czech Republic: Industrial production growth moderates in November
January 8, 2019
Industrial production rose 4.8% year-on-year in November, below October’s strong 6.7% increase.
Czech Republic: Manufacturing sector contracts for the first time since July 2016
January 2, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit slipped from 51.8 in November to 49.7 in December, the sixth consecutive monthly fall and the first contraction in over two years.
Czech Republic: Economic sentiment drops for the second consecutive month in December
December 27, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), dipped from 99.3 points in November to 98.6 in December, the lowest reading since July 2017.
Czech Republic: Central Bank stands pat at last meeting of the year after four consecutive rate hikes
December 20, 2018
At its 20 December meeting, the Bank Board of the Czech National Bank (CNB) decided to keep the two-week repo rate unchanged at 1.75%, following four consecutive rate hikes.
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