Confidence indicators

Month-on-month change in total

Confidence indicators

indices, long-term average = 100
CBA Commentary
According to the October CSO Economic Sentiment Survey, confidence in the Czech economy is above the long-term average after its month-on-month improvement. Its level is therefore above the level of last month and moving above the level of the previous three months. It is at an improved level compared to last year's value.
The individual sectors stand as follows in relation to the long-term average: * trade below the long-term averages, * while the industrial sectors near average and * households, services, construction above the long-term average. \The October month-on-month improvement in confidence in the economy mainly reflected the industry, households, services sectors, while the decline in sentiment in the trade, construction sectors partly offset it. Sectoral dynamics show October household sentiment above last month (and above the previous three-month average) and above last year's level; industry better than last month (and above the previous three-month average) and better than last year; in services, above last month (and above the previous three months) and better than a year ago; in trade, worse than last month (and below the previous three-month average) but better than last year; and in construction, below last month (and below the previous three months) but above last year. \More in the `Comments' section of the CBA Monitor: https://www.cbamonitor.cz/kategorie/ekonomika
Source of primary data
CZSO
Note
Data adjusted for seasonal effects. For more details on the methodology, see https://csu.gov.cz/konjunkturalni_pruzkum
Category
Economics
Data frequency
Monthly
Comments
October industrial sentiment awakening with hawkish price signals
Comment by Jaromír Šindel, Chief Economist of the CBA: Stronger sentiment in October suggests a return to stronger GDP growth for the end of this year after a probably slightly worse result in Q3. Higher price expectations may delay the return of core inflation to the target.
July sentiment brings slightly worse signal for the economy and the CNB
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
June sentiment brings mostly encouraging news for growth, labour market and core inflation
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
May confidence in the economy: despite all the setbacks, we're moving on
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Worse April sentiment does not bring immediate relief for the CNB
Economic commentary by Jaromir Šindel, Chief Economist of the CBA