Fiscal Balance in Czech Republic
Czech Republic - Fiscal Balance
Incoming data points to a further loss of momentum in the last quarter of 2019, after economic growth eased in the third quarter amid weaker domestic demand. Industrial output contracted again, and more sharply than in the previous quarter, as weak German industry continued to take a toll on the key automotive segment. On the demand front, although the job market continued to hold extremely tight, retail sales growth cooled and consumer confidence deteriorated in the quarter, suggesting that private consumption waned further towards year-end. A marked decline in merchandise imports in the same period also hint at domestic activity losing pace. Going forward, survey data paints a fairly similar picture at the turn of 2020: In January, consumer confidence fell to an over five-year low on households’ gloomier assessment of the economic situation ahead, while the manufacturing PMI, though it improved, still showed an industry that is struggling to recover.Czech Republic - Fiscal Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -2.1 | -0.6 | 0.7 | 1.6 | 1.1 |
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: Economic sentiment slips to six-year low in February
February 24, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped from 98.1 in January to 97.6 in February, the lowest reading since February 2014.
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Czech Republic: Growth slows to three-year low in Q4 2019
February 14, 2020
The economy grew 1.7% in year-on-year, seasonally- and price-adjusted terms in the final quarter of last year, below the 2.5% upturn logged in the third quarter, according to preliminary release by the Czech Statistical Office (CSO) on 14 February.
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Czech Republic: Inflation climbs to near eight-year high at outset of 2020
February 14, 2020
Consumer prices soared 1.5% from the previous month in January, following December’s 0.2% increase.
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Czech Republic: Industrial output contracts for fifth consecutive month in December
February 6, 2020
Industrial production declined 3.4% year-on-year in working-day adjusted terms December 2019, which followed the 3.2% drop recorded in November.
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Czech Republic: Defying expectations, CNB hikes rates in February
February 6, 2020
At its first meeting of the year on 6 February, the board of the Czech National Bank (CNB) decided to lift the two-week repo rate by 25 basis points to 2.25%, marking the first hike since May 2019 and taking market analysts by surprise as the CNB was expected to stay put.
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