The Czech business confidence indicator increased to 97.8 in November 2018 from 97.3 in the prior month. It is the strongest reading since July 2008. Expectations improved among constructors (103.8 from 101.2 in October) and service providers (99.8 from 97.9) but deteriorated for manufacturers (95.2 from 95.9) and retailers (96.2 from 99.3). Business Confidence in Czech Republic averaged 93.15 Index Points from 1993 until 2018, 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 97.30 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 98.16 in 12 months time. In the long-term, the Czech Republic Business Confidence is projected to trend around 93.50 Index Points in 2020, according to our econometric models.