Economic policy / Macroeconomic Indicators, Economic Growth
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
Confidence in Czech Republic slips again in January
Economic confidence deteriorated again in January in the Czech Republic as a result of stricter measures against Covid-19. Household confidence and retail sales have been impacted the most, while industrial confidence broadly stagnated and remains close to pre-pandemic levels
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Czech retail sales were hit hard by the closure of shops
The closure of shops brought a significant drop in November retail sales. Sales in clothing and footwear stores decreased 78% year-on-year. However, the food segment did not escape the declines, either, and car sales also fell sharply. The easing of restrictive measures in December gives hope that the December figure could turn out better.
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