Business Confidence in Czech Republic remained unchanged at 96.20 points in December from 96.20 points in November of 2021. source: Czech Statistical Office

Business Confidence in Czech Republic averaged 97.05 points from 1993 until 2021, reaching an all time high of 113.70 points in February of 2007 and a record low of 69.70 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 January of 2022.

Business Confidence in Czech Republic is expected to be 94.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Business Confidence is projected to trend around 102.90 points in 2022 and 102.00 points in 2023, according to our econometric models.

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Czech Republic Business Confidence

Calendar GMT Actual Previous Consensus TEForecast
2021-11-24 08:00 AM Nov 96.2 94.7 92
2021-12-27 08:00 AM Dec 96.2 96.2 94.9
2022-01-24 08:00 AM Jan 96.2 96.5

Related Last Previous Unit Reference
Business Confidence 96.20 96.20 points Dec/21
Industrial Production Mom 4.90 1.00 percent Nov/21
Industrial Production 1.60 -4.90 percent Nov/21
Manufacturing Production -6.80 -4.80 percent Oct/21
New Orders 111.73 95.96 points Nov/21
Changes in Inventories 79.50 37.94 CZK Billion Sep/21

News Stream
Czech Business Morale Rises in November
The business confidence indicator in the Czech Republic increased by 1.5 points to 96.2 in November of 2021, the first rise since June. Sentiment improved among manufacturers (93.2 vs 88.6 in October) and constructors (114 vs 111.6), but it decreased for service providers (96.3 vs 97.6) and traders (104.7 vs 105.9).
Czech Business Morale at 7-Month Low
The business confidence indicator in the Czech Republic edged down by 0.6 points to 94.7 in October of 2021, the lowest reading since last March, weighed down by weaker demand in the industrial sector, as well as lingering raw material and staffing shortages in the construction sector. The largest drop in sentiment came from the manufacturing industries (88.6 from 92.5 in September); while the construction sector stood unchanged at 111.6. Still, losses were limited by improvements in the trade (105.9 from 103.6) and in the service sectors (97.6 from 95.3).
Czech Business Morale Drops to April Low
The business confidence indicator in the Czech Republic retreated 1.8 points to 95.3 in September of 2021, the lowest reading since April amid intense supply chain bottlenecks and material shortages. The report points to significant reductions and even shutdowns in Czech Republic’s auto industry, as well as lingering staff shortages in the construction sector. Sentiment deteriorated in the construction sector (111.6 from 116.4 in August), and in manufacturing industries (92.5 vs 97.1). Meanwhile, respondents were more optimistic in the trade sector (103.6 from 102.4) and in the service sector (95.3 from 94.2).

Czech Republic Business Confidence
In Czech Republic, the business confidence survey measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. Czech Statistical Office business confidence indicator is a weighted average of seasonally adjusted confidence indicators in industry, construction, trade and in selected services.