Czech Rep. Economic Outlook
May 8, 2018Recently released data suggests the economy was in good shape early this year, largely holding pace from the solid performance logged in Q4 2017. A tightening labor market, rising wages in the public and private sectors, and low inflation in recent months likely boosted private consumption in Q1. In parallel, economic sentiment was at its highest level in 11 years in April, propelled by record-high consumer confidence. However, a slowdown in the Eurozone economy in the first quarter likely tempered economic activity, and industrial production growth decelerated markedly in Q1 compared to Q4. Meanwhile, a milestone was reached on the political scene, as the ruling ANO party declared on 2 May that a coalition agreement with the Social Democrats (CSSD) was close to being finalized, which could put an end to months of political turmoil.
Czech Republic Economic GrowthEconomic growth is expected to moderate this year but nonetheless remain solid on the back of robust domestic demand. A strengthening labor market should continue fueling private consumption growth, while high capacity utilization should support strong capital spending in the months ahead. Met the why particular Consensus Forecast panelists see GDP growing 3.5% in 2018, which is up 0.1 percentage points from last month’s projection, and 3.0% in 2019.
Czech Republic Economy Data
5 years of Czech Republic economic forecasts for more than 30 economic indicators.
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Czech Republic Facts
|Bond Yield||1.86||-1.85 %||May 16|
|Exchange Rate||21.68||-0.66 %||May 16|
|Stock Market||1,116||-0.11 %||May 16|
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Czech Republic Economic News
May 7, 2018
Industrial production dropped 1.1% year-on-year in March, contrasting the 2.7% expansion recorded in February and marking the largest decline since July 2016.
May 3, 2018
At its 3 May meeting, the Bank Board of the Czech National Bank opted to leave the two-week repo rate unchanged at 0.75%.
May 2, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit ticked down from 57.3 in March to 57.2 in April, a seven-month low.
April 24, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), edged up from 99.7 points in March to 110.1 points in April, reflecting improved business confidence and marking the highest reading in nearly 11 years.
April 11, 2018
Consumer prices in the Czech Republic dropped 0.1% in March from the prior month, coming in below February’s flat reading.