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.

Spotlight issue

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.
View more

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.
View more

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


ING Bank Czech Republic: Czech manufacturing PMI falls to one-year low

The August manufacturing PMI declined slightly to 54.9, hitting the lowest level in a year. But we are not too worried as the PMI remains solidly above the key 50-level signalling growth and summer-months are usually more volatile anyway. 
View more

Members of the American Chamber of Commerce in the Czech Republic