The Czech business confidence indicator increased to 93.6 in August of 2019 from 92.7 in the previous month, the highest since May. Sentiment improved among retailers (96 from 94.8 in July) and service providers (95.8 from 93.7) while it remained unchanged among manufacturers (90.3, the same as in July). On the other hand, sentiment deteriorated among constructors (101.8 from 104.8). 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 94.00 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 95.50 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.