The consumer confidence indicator in the Czech Republic declined by 8.1 points to 90.4 in November of 2021, the lowest level since March, with rising Covid-19 infections and associated restrictions adding to concerns over prolonged inflation. The share of respondents expecting a deterioration in the overall economic situation for the next twelve months increased significantly, while fewer respondents expected an improvement in their own financial situation. Concerns about rising prices rose again in November, making it the highest in the survey´s history. At the same time, consumers were more worried about rising unemployment and their propensity to save money decreased. source: Czech Statistical Office

Consumer Confidence in Czech Republic averaged 97.34 points from 1998 until 2021, reaching an all time high of 119.80 points in May of 2018 and a record low of 69.20 points in May of 1999. This page provides - Czech Republic Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Consumer Confidence in Czech Republic is expected to be 85.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Consumer Confidence is projected to trend around 102.00 points in 2022 and 105.00 points in 2023, according to our econometric models.

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Czech Republic Consumer Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-10-25 07:00 AM Oct 98.5 100.7 92.9
2021-11-24 08:00 AM Nov 90.4 98.5 95
2021-12-28 08:00 AM Dec 90.4 85


Related Last Previous Unit Reference
Consumer Confidence 90.40 98.50 points Nov/21
Retail Sales MoM -0.30 0.30 percent Sep/21
Retail Sales YoY 3.60 5.60 percent Sep/21
Consumer Spending 591.46 555.20 CZK Billion Jun/21

News Stream
Czech Consumer Morale Plunges to 8-Month Low
The consumer confidence indicator in the Czech Republic declined by 8.1 points to 90.4 in November of 2021, the lowest level since March, with rising Covid-19 infections and associated restrictions adding to concerns over prolonged inflation. The share of respondents expecting a deterioration in the overall economic situation for the next twelve months increased significantly, while fewer respondents expected an improvement in their own financial situation. Concerns about rising prices rose again in November, making it the highest in the survey´s history. At the same time, consumers were more worried about rising unemployment and their propensity to save money decreased.
2021-11-24
Czech Consumer Morale Falls as Inflation Jitters Grow
The consumer confidence indicator in the Czech Republic deteriorated by 2.2 points to 98.5 in October of 2021, a level not seen since last April, as the number of consumers uneased by rising prices rose to a record high. A larger share of respondents expressed concerns about a deterioration in the overall economic outlook and there was a slight decrease in the number of respondents expecting an improvement in their own financial situation. Lastly, both the propensity to save money and unemployment expectations were little changed.
2021-10-25
Czech Consumer Morale Drops to 5-Month Low
The consumer confidence indicator in the Czech Republic fell by 5.3 points to 100.7 in September of 2021, the lowest reading since April, as more consumers were increasingly worried about rising prices and considered it one of the major risks to their personal finances. A larger share of respondents expressed concerns about a deterioration in the overall economic outlook and rising prices, while fewer respondents expected an improvement in their own financial situation. Lastly, the propensity to save money also decreased and unemployment expectations remained stable.
2021-09-24

Czech Republic Consumer Confidence
In Czech Republic, the Czech Statistical Office consumer confidence indicator is the average of four indicators: expected financial situation of consumers, expected total economic situation, expected total unemployment (with inverted sign) and savings expected in 12 months to come. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.