Czech consumer confidence indicator decreased by 2.8 points to 106.4 in February of 2019, the lowest since July 2017. The survey indicates that consumers are for the next twelve months more afraid of a decrease in the overall economic situation. Worries about their financial standing and about unemployment were almost unchanged, compared to January. The share of respondents intending to save money decreased. On the positive note, the respondents concern about rises in prices decreased slightly. Consumer Confidence in Czech Republic averaged 92.28 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 108.70 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 106.70 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.