The Czech consumer confidence indicator increased to 104.8 in December 2019 from 102.0 in the previous month. It was the highest reading since August, as consumers’ worries about their financial standing decreased and intentions to save money rose. Also, consumers are for the next twelve months equally afraid of a decrease in the overall economic situation and concerns about rises in prices decreased. Meantime, worries about rise in the unemployment increased. Consumer Confidence in Czech Republic averaged 92.73 points from 1998 until 2019, reaching an all time high of 113.80 points in May of 2018 and a record low of 66 points in May of 1999.
Consumer Confidence in Czech Republic is expected to be 106.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Czech Republic to stand at 110.00 in 12 months time. In the long-term, the Czech Republic Consumer Confidence is projected to trend around 105.00 points in 2020, according to our econometric models.