Czech Rep. Economic Outlook
November 28, 2017Economic growth in the third quarter was broad-based: All main expenditure components increased at a robust pace. The solid run is likely to continue into the final quarter of the year, according to leading data. The PMI came in at its highest level in over six years in October, signaling ongoing expansion in the manufacturing sector. On 21 November, police asked parliament to lift prospective Prime Minister Andrej Babis’ immunity, to investigate an alleged case of fraud involving EU subsidies. Babis will seek to form a minority government after nearly all parties in the lower house have refused to join forces with his party amid the allegations.
Czech Republic Economic GrowthIt is likely that the country will be subject to further political turmoil, which could last for months, possibly jeopardizing the approval of the 2018 budget and curbing fixed investment. The current prudent fiscal stance is unlikely to change, however. Furthermore, economic growth should continue to be solid in 2018 on the back of strong private consumption. Fixed investment is also expected to contribute, although it might be curbed by political uncertainty. A possible distortion in the relationship with the EU could drag on investment flows. Panelists see GDP growing 3.2% in 2018, up 0.1 percentage points from last month’s projection, and 2.8% 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||1.42||-1.85 %||Dec 06|
|Exchange Rate||21.70||-0.66 %||Dec 06|
|Stock Market||1,053||-0.11 %||Dec 06|
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Czech Republic Economic News
December 11, 2017
Consumer prices inched up 0.1% in November from the previous month, matching market expectations.
December 7, 2017
Industrial production in the Czech Republic expanded a strong 11.5% year-on-year in October, significantly above the prior month’s revised annual growth rate of 4.9% (previously reported: +4.4% year-on-year).
December 1, 2017
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit inched up from 58.5 points in October to 58.7 points in November, the highest level since April 2011.
December 1, 2017
A detailed data release by the Statistical Institute on 1 December showed that the economy expanded markedly in the third quarter.
November 27, 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.