Czech National Bank's June meeting poised to be live; reasoning will be key
Inflation likely decelerated in May and should remain below the upper bound of the target until October
Czech consumers drive retail sales back to pre-pandemic strength
Czech real retail sales grew by 2.8% year-on-year in October
Czech PMI contracts but confidence is upbeat
August’s PMI remained in contraction, as supply chain issues dampened output. However, new orders gained, and confidence remained upbeat
Both consumer and business confidence in Czechia have improved in May. Consumers are benefitting from tamed inflation and robust real wage growth.
