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  • This morning, economic data showed that manufacturing PMI rose more than expected to 57.1 in November (vs. 55.5 exp.), up from 55.1 the previous month.
  • Interestingly, business sentiment indicators (PMI) continue to reach new highs while consumer sentiment is constantly reaching new lows.
  • We saw that November Czech consumer confidence fell to its lowest level since March 2021 amid rising uncertainty over the economic outlook.
  • Yesterday, economic data showed that Czech economy grew by 3.1% YoY in Q3 2021 according to the second estimate, more than first estimate (2.8%) and exceeding CNB projections.

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