Economic policy

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.

Show subcategories ▾

Spotlight issue

24th March 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech confidence drops further in March

As another lockdown comes into force in the Czech Republic, household confidence plummeted in March to levels seen last November and are only slightly higher than they were during the first wave. Business confidence declined too, but mainly due to services. In general, it remains solidly above the lows of the first wave of the pandemic

18th March 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech industry weakened slightly at the beginning of the year

At the beginning of the year, industrial production weakened roughly as expected, as car production declined. Domestic orders fell sharply. We expect manufacturing to weaken for the entire first quarter. The brake is on the supply of components and restrictions for workers due to the pandemic. In the coming quarters, production growth should continue, reaching less than 10% for the whole year.

15th March 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech Republic: Retail sales weaker amid tighter restrictions

January retail sales fell more than expected in January given tighter pandemic restrictions, which were partially eased in December. The year-on-year rate showed a drop of 9.5% or -6.5% if adjusted for working days. Given the unfavourable pandemic situation, 1Q figures will remain weak