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Czech Republic: Economic sentiment strengthens for third month in October

Staff Writer | October 25, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), climbed from 99.6 in September to 99.8 in October, the third successive monthly rise.
Czech Republic
Europe   Consumers turned more optimistic in October
As a result, the indicator moved closer to the 100-point mark that separates optimism from pessimism in the Czech economy.

The business confidence index remained steady at September’s 97.3 in October. The reading reflected improved sentiment in the industrial and construction sectors being offset by a deterioration in confidence in trade and services.

Meanwhile, consumers turned more optimistic in October, with the consumer confidence index rising to 112.0 points from 111.0 in September. The climb was mainly due to consumers’ improved views over the general economic situation in 12 months’ time. Consumer confidence remains well above the historical average.

FocusEconomics panelists expect private consumption to expand 3.9% in 2018, which is unchanged from last month’s projection, and 3.3% in 2019. Meanwhile, fixed investment is seen increasing 7.0% in 2018, which is up 0.4 percentage points from last month’s estimate, and 4.4% in 2019.