Czech Republic Retail Sales MoM
The sum of the percentage of higher replies and half of the percentage of unchanged replies are calculated in order to construct the index. The index ranges between 0 to 100, with a rating above 50 implying an overall increase when compared to the previous month and a rating below 50 implying an overall decrease. After that, the indexes are adjusted for seasonal variation. The Purchasing Managers Index (PMI) is the headline figure. In order for the PMI to be calculated, the following 5 indexes are used: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Purchases (10%). The PMI is calculated by inverting the Suppliers' Delivery Times Index so that it moves in a similar direction to the other indexes.
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 | 472 days ago
