Unemployment in Czech Republic
Czech Republic - UnemploymentA preliminary estimate revealed that the economy rebounded in Q3, following an unprecedented contraction in Q2 as the country felt the full brunt of lockdown measures. Although a detailed breakdown for Q3 is yet to be released, improving retail sales and consumer confidence hint at recovering household spending, while rebounding industrial production and business sentiment indicate stronger private sector activity. Moving to Q4, the picture is turning gloomier. Due to a sharp rise in new Covid-19 cases, the government declared a state of emergency and renewed strict containment measures in early October. The worsening health situation risks derailing the incipient recovery, as suggested by flagging business and consumer confidence in October. That said, the administration recently extended part of its short-term work scheme, and approved a relief plan for the hardest-hit businesses.
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|
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June 10, 2021
Consumer prices rose 0.17% from the previous month in May, following April’s 0.53% jump.
June 9, 2021
Industrial production skyrocketed 55.1% year-on-year in working-day adjusted terms in April, which followed March’s 14.1% jump and benefited from an extremely low-base effect.
Czech Republic: Strongest improvement in operating conditions on record amid soaring price pressures in May
June 1, 2021
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, came in at 61.8 in May, up from April’s 58.9 and marking the highest reading on record.
June 1, 2021
A revised estimate confirmed that GDP fell 2.1% year-on-year in Q1 amid another wave of Covid-19 infections, which prompted the government to tighten restrictions.
May 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), jumped to 99.7 in May from 94.7 in April, logging the best print since December 2019. The business confidence index soared in May, coming in at 99.1, from April’s 94.8 reading.