Czech Republic: Economic sentiment improves in FebruaryStaff Writer | February 28, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), inched up in February thanks to improved business confidence.
Czech Republic FocusEconomics
The business confidence sub-indicator increased from 96.9 points in January to 97.5 points in February. More upbeat sentiment in the construction and trade sectors offset a worsening of sentiment in the industry sector.
Consumer confidence, meanwhile, slipped from the prior month’s 112.3 points to 112.0 points in January. The result was mainly driven by a less optimistic view on the economy in the next 12 months.
FocusEconomics panelists expect private consumption to expand 3.5% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, the panel sees private consumption growing 2.7%.
Panelists see fixed investment increasing 5.1% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, panelists expect fixed investment to expand 3.6%. ■