Czech Rep. Economic Outlook
October 2, 2018
Although GDP growth cooled to a year-and-a-half low in Q2, available data points to upbeat economic activity in Q3. The unemployment rate remained steady in August after ticking up in July from an all-time low in June. This, coupled with nominal wage growth at its fastest in over a decade, have shored up household purchasing power, which likely contributed to the surge in retail sales in July. Similarly, on the supply side, industrial production expanded at the fastest annual clip so far this year in July, propelled by a jump in manufacturing output. That said, sound hard data has come at odds with leading indicators: Consumer confidence, business sentiment and the manufacturing PMI averaged lower in Q3 compared to Q2. Meanwhile, Prime Minister Andrej Babis’ minority government finalized the 2019 draft budget on 19 September, prioritizing increased spending in investments, pensions and public sector salaries; nonetheless, it targets a smaller deficit compared to 2018’s. Babis will need backing from the Communist Party yet again for parliamentary approval, after their support enabled his government’s survival of the confidence vote in July.Czech Republic Economic Growth
The economy is expected to lose steam this year and next. However, the pace of growth should remain robust thanks to healthy household spending gains, underpinned by a nearly-exhausted labor market and brisk wage growth, as well as by planned increases in government spending, particularly higher infrastructure investment. Heightened uncertainty and potential spillover effects from deteriorating global trade conditions cloud the outlook due to the export-oriented nature of the country’s industrial base. Met the why particular Consensus Forecast panelists see GDP growing 3.2% in 2018 and 3.0% in 2019, which is unchanged from last month’s projection.Czech Republic Economy Data
Sample Report
5 years of Czech Republic economic forecasts for more than 30 economic indicators.
Sample Report
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.17 | -1.85 % | Oct 18 |
| Exchange Rate | 22.48 | -0.66 % | Oct 18 |
| Stock Market | 1,087 | -0.11 % | Oct 18 |
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Czech Republic Economic News
Czech Republic: Inflation edges down in September
October 9, 2018
Consumer prices fell 0.3% in September from the previous month, contrasting August’s mild 0.1% rise.
Czech Republic: Industrial production growth loses pace in August
October 8, 2018
Industrial production rose 1.9% year-on-year in August, markedly below July’s nine-month high increase of 11.3%.
Czech Republic: Manufacturing PMI slips to near two-year low in September
October 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 54.9 in August to 53.4 in September, the third consecutive monthly fall and the lowest reading since November 2016.
Czech Republic: Central Bank delivers third consecutive rate hike in September
September 26, 2018
At its 26 September meeting, the Bank Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 25 basis points to 1.50%, the third consecutive rate hike and a move widely expected by the market.
Czech Republic: Economic sentiment strengthens in September
September 24, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), climbed from 99.1 in August to 99.6 in September.
© Copyright: 2018 | Czech Republic Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
