Czech Rep. Economic Outlook
bet360备用网址March 10, 2020The economy closed 2019 on a soft note, with annual growth slowing to a three-year low in the fourth quarter amid a frail external sector. Exports fell for the first time in nearly seven years as global trade conflicts and a weak German industrial sector weighed on foreign demand. Domestic demand, however, held surprisingly robust as private consumption gathered momentum amid a tight job market and upbeat wage increases. Investment activity also accelerated, further helping buffer the slowdown. Meanwhile, available survey data points to waning activity at the turn of 2020. Economic sentiment declined to its lowest level in six years in February as business confidence continued to tumble. Moreover, despite the manufacturing PMI climbing in January and February, it remains well entrenched in negative terrain, which, coupled with uncertainty over the impact of the coronavirus outbreak on the goods-producing sector, bodes ill for Q1 prospects.
Czech Republic Economic GrowthGrowth is seen easing this year amid weaker domestic demand, particularly as household spending slows on more moderate wage gains. That said, the overall expansion should remain relatively healthy, with resilient investment activity lending support. A slowing global economy, the coronavirus impact on supply chains and subdued German industry are key external risks ahead. FocusEconomics analysts see growth of 2.1% in 2020, which is down 0.1 percentage points from last month’s forecast, and 2.4% in 2021.
Czech Republic Economy Data
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Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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Czech Republic Economic News
March 12, 2020
Industrial production fell 1.4% year-on-year in working-day adjusted terms at the outset of 2020, which followed the 3.3% drop recorded in December and marked the eighth consecutive month of decline.
March 10, 2020
bet360备用网址Consumer prices rose 0.3% from the previous month in February, following January’s 1.5% spike.
March 3, 2020
The economy grew a seasonally-adjusted 1.8% year-on-year in the final quarter of last year, according to a detailed GDP breakdown released by Czech Republic’s Statistical Institute on 3 March.
March 2, 2020
bet360备用网址The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose from 45.2 in January to 46.5 in February, a nine-month high.
February 24, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped from 98.1 in January to 97.6 in February, the lowest reading since February 2014.