The Czech consumer confidence indicator decreased to 105.1 in August of 2019 from 106.4 in the previous month. For the next twelve months, consumers are more afraid of a decrease in the overall economic situation, a rise in unemployment and a rise in prices. Meanwhile, household’s concerns regarding their financial situation and the share of respondents intending to save money was almost unchanged. Consumer Confidence in Czech Republic averaged 92.57 Index Points from 1998 until 2019, reaching an all time high of 113.80 Index Points in May of 2018 and a record low of 66 Index Points in May of 1999.
Consumer Confidence in Czech Republic is expected to be 106.00 Index 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 109.50 in 12 months time. In the long-term, the Czech Republic Consumer Confidence is projected to trend around 105.00 Index Points in 2020, according to our econometric models.