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CZECHIA: Economic Sentiment Gauge Slips, Fiala Condemns Fico's Moscow Trip

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia
  • Prime Minister Petr Fiala distanced himself from Slovak Prime Minister Robert Fico's surprise visit to Moscow, noting that in light of these developments, the decision to suspend intergovernmental consultations between Czechia and Slovakia has been prudent. Fiala said that "our foreign policy is heading in the opposite direction, which is why we have taken a number of measures over the past two years to weak Czechia off Russian crude oil and gas deliveries."
  • Economic sentiment in Czechia deteriorated to 97.5 this month from 98.0 prior, missing the 97.9 consensus forecast. Consumer confidence printed at 100.4, falling short of Bloomberg median estimate of 102.0, while business confidence was 96.9, just shy of the 97.0 forecast.
  • Czech financial markets will be shut for state holidays between December 24-26.
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  • Prime Minister Petr Fiala distanced himself from Slovak Prime Minister Robert Fico's surprise visit to Moscow, noting that in light of these developments, the decision to suspend intergovernmental consultations between Czechia and Slovakia has been prudent. Fiala said that "our foreign policy is heading in the opposite direction, which is why we have taken a number of measures over the past two years to weak Czechia off Russian crude oil and gas deliveries."
  • Economic sentiment in Czechia deteriorated to 97.5 this month from 98.0 prior, missing the 97.9 consensus forecast. Consumer confidence printed at 100.4, falling short of Bloomberg median estimate of 102.0, while business confidence was 96.9, just shy of the 97.0 forecast.
  • Czech financial markets will be shut for state holidays between December 24-26.