Unemployment in Czech Republic
Czech Republic - UnemploymentAvailable data is starting to show the scale of the Covid-19 crisis, with a larger blow expected in the second quarter. Output in the industrial sector, which had already been reeling for months, collapsed in March at the sharpest pace since the heights of the 2009 global financial crisis as car manufacturing plants shut down operations, which was also reflected in a severe drop in merchandise exports. On the consumer side, retail sales suffered a historic slump as a result of the lockdown measures during the latter half of March to contain the virus' spread. Turning to Q2, the manufacturing PMI tumbled to an 11-year low in April, while both business and consumer sentiment nosedivedâ€”hinting that the worst of the pandemic's impact is yet to come. Meanwhile, the government announced in late April that it will start to gradually open up the economy in May amid positive signs that the virus is under control.
Czech Republic - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Unemployment Chart
Source: Czech Statistical Office.
Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Czech Republic: Economic sentiment bounces back fractionally as Covid-19 containment measures are gradually lifted
May 25, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), bounced back marginally in May from its unprecedented monthly drop in April due to the harsh blow dealt by Covid-19, coming in at 75.1 (April: 74.8).
May 15, 2020
The economy shrank 2.2% in year-on-year, seasonally-adjusted terms in the first quarter (Q4 2019: +2.0% year-on-year), according to a preliminary release by the Czech Statistical Office (CSO) on 15 May.
May 13, 2020
Consumer prices slid 0.2% from the previous month in April, following March’s 0.1% dip.
Czech Republic: Industrial output contracts at sharpest pace in over a decade in March on Covid-19 hit
May 7, 2020
Industrial production collapsed 10.8% year-on-year in working-day adjusted terms in March (February: -0.9% year-on-year), marking the tenth consecutive month of decline and the steepest contraction since July 2009.
May 7, 2020
At its meeting on 7 May, the board of the Czech National Bank (CNB) decided to slash the two-week repo rate by a larger-than-expected 75 basis points to 0.25%, marking the third consecutive cut in less than two months.