Czech Republic Economic Expectations January 2023

The financial sentiment indicator launched by the Czech Statistical Workplace (CSO) rose to 92.0 in January from 89.7 in December.

Client sentiment improved in January, with the index rising to 82.9 from 75.5 in December. The rise mirrored households’ lowering considerations about their very own monetary state of affairs and the overall financial state of affairs.

As well as, the enterprise local weather index rose to 93.8 from 92.5 in December. The end result was pushed by stronger sentiment in manufacturing, retail and choose service sectors.

FocusEconomics panelists anticipate non-public consumption to develop by 1.4% in 2023, down 0.2 proportion factors from final month’s forecast. For 2024, they see shopper spending rising by 3.0%.