The Czech business confidence indicator decreased to 71.6 in May of 2020 from 73.8 in the previous month. This is the lowest reading since March of 1999, amid the coronavirus crisis. Sentiment deteriorated among service providers (65 vs 70.5 in April), constructors (104.2 vs 107.3) and retailers (85.2 vs 85.4), but it improved slightly for manufacturers (72.9 vs 72).
Business Confidence in Czech Republic averaged 96.57 points from 1993 until 2020, reaching an all time high of 112.80 points in February of 2007 and a record low of 69.10 points in March of 1999. This page provides - Czech Republic Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Business Confidence in Czech Republic is expected to be 75.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Czech Republic to stand at 82.00 in 12 months time. In the long-term, the Czech Republic Business Confidence is projected to trend around 86.00 points in 2021 and 89.00 points in 2022, according to our econometric models.