Czech Republic: Economic sentiment inches down in NovemberStaff Writer | November 28, 2017
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), inched down in November, driven by a decrease in business confidence.
The business confidence sub-indicator dropped from 97.4 points in October to 96.7 points in November. Confidence in the industry and construction sub-sectors worsened, while sentiment in the external sector improved; confidence in the services sub-sector was unchanged from last month.
Consumer confidence, on the other hand, increased from the prior month’s 108.7 points to 110.3 points in November. The result was primarily driven by a more upbeat on the country’s economic situation in the year ahead.
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%. ■