The consumer confidence indicator in the Czech Republic dropped 2.9 points from the previous month to 83.1 in November 2020, the lowest level since April's seven-year high. The number of consumers worried about rising unemployment in the next twelve months rose sharply, while the intention to save has decreased. In addition, consumers worries about the worsening overall economic situation and about their financial situation were both unchanged. source: Czech Statistical Office

Consumer Confidence in Czech Republic averaged 97.13 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 December of 2020.

Consumer Confidence in Czech Republic is expected to be 92.50 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 104.00 in 12 months time. In the long-term, the Czech Republic Consumer Confidence is projected to trend around 105.00 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
83.10 86.00 119.40 69.20 1998 - 2020 points Monthly
2005=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-24 07:00 AM Aug 94.4 96.0 96.5
2020-09-24 07:00 AM Sep 97.6 94.4 92.2
2020-10-26 08:00 AM Oct 86 97.6 80
2020-11-24 08:00 AM Nov 83.1 86 81.5
2020-12-28 08:00 AM Dec 83.1 85
2021-01-25 08:00 AM Jan
2021-02-24 08:00 AM Feb
2021-03-24 08:00 AM Mar


News Stream
Czech Consumer Morale Falls to 7-Month Low
The consumer confidence indicator in the Czech Republic dropped 2.9 points from the previous month to 83.1 in November 2020, the lowest level since April's seven-year high. The number of consumers worried about rising unemployment in the next twelve months rose sharply, while the intention to save has decreased. In addition, consumers worries about the worsening overall economic situation and about their financial situation were both unchanged.
2020-11-24
Czech Consumer Sentiment Deteriorates in October
The Czech consumer confidence indicator dropped to 86 in October 2020 from 97.6 in the previous month. It was the lowest level since April, amid a second wave of coronavirus infections. Consumer concerns about the deterioration in the overall economic situation increased significantly while their intention to save declined. Consumers were also more concerned about the deterioration of their financial situation. In addition, both unemployment and inflation are expected to rise.
2020-10-26
Czech Consumer Morale Drops in August
The Czech consumer confidence indicator edged down to 94.4 in August of 2020 from 96.0 in the prior month, as consumers were more worried about the deterioration in their financial situation while concerns about the decrease of the overall economic situation were unchanged. In addition, both unemployment and inflation are expected to rise. The savings propensity also went down.
2020-08-24
Czech Consumer Morale Improves but Remains Weak
The Czech consumer confidence indicator increased to 96.0 in July 2020 from 93.3 in the previous month, as consumers were less worried about the deterioration of their overall economic situation. Meanwhile, worries about a deterioration in their financial situation slightly increased, as well as their intention to save. The number of consumers who feared rising prices decreased, while the proportion of respondents who are worried about rising unemployment in the next 12 months dominated.
2020-07-24

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.