The Czech business confidence indicator decreased to 93.8 in May 2019 from 95.8 in the prior month. It is the lowest reading since June 2016, as sentiment weakened among manufacturers (91.2 from 93.4 in April) and service providers (94.9 from 97.4). In contrast, confidence improved among constructors (106.9 from 105.9) and retailers (94.0 from 93.5). Business Confidence in Czech Republic averaged 93.20 Index Points from 1993 until 2019, reaching an all time high of 106.60 Index Points in February of 2007 and a record low of 69.10 Index Points in March of 1999.
Business Confidence in Czech Republic is expected to be 95.20 Index 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 95.00 in 12 months time. In the long-term, the Czech Republic Business Confidence is projected to trend around 93.00 Index Points in 2020, according to our econometric models.