Economic policy | Council on Czech Competitiveness

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

4th October 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech manufacturing PMI at two-year low

The September manufacturing PMI declined further to 53.4, hitting the lowest level in the past two years. Still, this is in line with expectations that Czech industry growth will slow down towards 3% this year

26th September 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

ING Bank: Czech National Bank in Hiking Mode

As expected, the CNB delivered a 25bp hike on 26 September. However, the market already had high expectations (one additional hike this year and two more next year). As such, today’s press conference in which Governor Rusnok was non-committal disappointed slightly.

5th September 2018 / Economic policy / Macroeconomic Indicators, Economic Growth

ING Bank Czech Republic: Czech wages stay strong in 2Q

Nominal wages grew by 8.6% year-on-year in 2Q18. This strong figure was driven both by public sector wage growth of 11% and accelerating private-sector wage growth of 8.0 % YoY. This favourable trend increases the chance of an end-of-September rate hike, in our view.