The Czech consumer confidence indicator rose to 91.9 in May of 2020 after plunging to an over 7-year low of 80.1 in the previous month. For the next twelve months, consumers are less afraid of a decrease in the overall economic situation, their financial situation, and the growth of unemployment. The share of respondents intending to save money also increased. Still, concerns about rises in prices went up significantly.

Consumer Confidence in Czech Republic averaged 97.25 points from 1998 until 2020, reaching an all time high of 119.40 points in May of 2018 and a record low of 69.20 points in May of 1999. This page provides - Czech Republic Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.

Consumer Confidence in Czech Republic is expected to be 92.00 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 98.00 in 12 months time. In the long-term, the Czech Republic Consumer Confidence is projected to trend around 100.00 points in 2021 and 102.00 points in 2022, according to our econometric models.

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Czech Republic Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
91.90 80.10 119.40 69.20 1998 - 2020 points Monthly
2005=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-24 08:00 AM Feb 104.1 104.8 104.5
2020-03-24 08:00 AM Mar 100.5 104.1 103.8
2020-04-24 07:00 AM Apr 80.1 100.5 96.5
2020-05-25 07:00 AM May 91.9 80.1 83
2020-06-24 07:00 AM Jun 91.9 92
2020-07-24 07:00 AM Jul
2020-08-24 07:00 AM Aug
2020-09-24 07:00 AM Sep 83


News Stream
Czech Consumer Sentiment Improves in May
The Czech consumer confidence indicator rose to 91.9 in May of 2020 after plunging to an over 7-year low of 80.1 in the previous month. For the next twelve months, consumers are less afraid of a decrease in the overall economic situation, their financial situation, and the growth of unemployment. The share of respondents intending to save money also increased. Still, concerns about rises in prices went up significantly.
2020-05-25
Czech Consumer Sentiment Lowest since 2013
The Czech consumer confidence indicator slumped to 80.1 in April of 2020 from 100.5 in the previous month. This was the lowest reading since January of 2013, amid worries about the impact of Covid-19 on the household's financial situation, unemployment and the country's overall situation. Also, the probability of saving in the year ahead decreased further. Consumers also showed concerns about rises in prices.
2020-04-24
Czech Consumer Confidence Lowest since 2014
The Czech consumer confidence indicator decreased to 100.5 in March of 2020 from 104.1 in the previous month. This was the lowest reading since February of 2014, amid greater concerns about the overall economic situation and the financial situation. Also, the probability of saving in the year ahead decreased slightly. Meanwhile, both the outlook on the labour market and inflation remained barely unchanged.
2020-03-24
Czech Consumer Confidence Nears 5-1/2-Year Low
The Czech consumer confidence indicator fell to 104.1 in February of 2020 from 104.8 in the previous month. This was the lowest reading since September 2014, as consumers' expectations for the year ahead regarding the overall economic situation deteriorated and concerns about inflation rose. Meantime, both the outlook on the labour market and the probability of saving in the year ahead remained barely unchanged. On the other hand, worries about financial situation decreased.
2020-02-24

Czech Republic Consumer Confidence
In Czech Republic, the Czech Statistical Office consumer confidence indicator is the average of four indicators: expected financial situation of consumers, expected total economic situation, expected total unemployment (with inverted sign) and savings expected in 12 months to come. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.