Czech Republic Consumer Confidence
The Consumer Confidence Index of the Czech Statistical Office is the average of four indicators: forecasted financial position of consumers, expected total economic situation, forecasted total unemployment (with a reversal sign), and savings expected in the next twelve months. Overall, consumer confidence rises when the unemployment rate is low and the economy is growing at a rapid pace. Indicators of average consumer trust can be valuable in predicting how much money customers are going to spend in a given period of time.
A higher than expected figure should be seen as positive (bullish) for the CZK while a lower than expected figure should be seen as negative (bearish) for the CZK.
Forex Sentiment (CZK)
News (CZK)
Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
RTTNews | 458 days ago
