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ANO Remains Front-Runner In Opinion Polls, Q3 GDP Data Turns Out Worse Than Expected

CZECHIA
  • The main opposition party ANO improved its result in a new opinion poll conducted by Median research agency. The party continues to lead the pack with 35.0%, trailed by Prime Minister Petr Fiala's ODS (13.5%) and the nationalist SPD (10.5%). The agency commented that "while in September the parties of the former coalition SPOLU (ODS, TOP09, KDU-CSL) were the main losers, in October the parties of the former coalition PirSTAN (Pirates, STAN) did worse". The agency also notes that if these results were replicated in a parliamentary election, "a two-party coalition could be formed between ANO and any other party".
  • Senators are awaiting presidential nominations for the three vacant posts in the Constitutional Court after two candidacies fell through in the past few months. Senate Speaker Miilos Vystrcil discussed the matter with President Petr Pavel yesterday and the two agreed that the Castle should provide more comprehensive justifications for its nominations.
  • Preliminary data showed that Czechia's economy shrank 0.7% Y/Y in Q3 versus -0.6% expected and the advance reading of -0.6%. The seasonally-adjusted quarterly result was -0.5% Q/Q versus -0.3% expected and the advance reading of -0.3%.
  • Czechia's S&P Global Manufacturing PMI improved to 43.2 in November from 42.0 recorded in October, exceeding the 42.9 median estimate.
  • November budget balance will cross the wires at 13:00GMT/14:00CET, with the government seeking to keep fiscal deficit under the CZK295bn target.
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