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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic Consumer Confidence fell to 102.3% in August 2026
FMPMonthlyReleased August 2026
Czech Republic Consumer Confidence fell to 102.3% in August 2026, down 3.3% from July's 105.6% reading. The reading matched the 106.0% consensus. Consumer Confidence has now declined for 3 consecutive months. Over the past 3 months, Consumer Confidence averaged 106.05%, vs 106.6% in the prior 3-month window. Consumer Confidence is now the lowest in 11 months.
Latest Release
102.3
Actual
106
Consensus
105.6
Previous
Median Absolute Error
±3.86 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 106.4
Actual: 102.3
Error: +4.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.70 | COMMODITIES | Moves against | → View |
| EUR/CZK | ▲ Direct | +0.54 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Czech Republic) was reported at 102.3% in August 2026. This missed the market consensus of 106% by 3.7%. The reading fell from the previous value of 105.6%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 106.95%, ranging from 102.3% to 111.7% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 104.8%, down from the prior three at 107.13%. Volatility over the past year (σ 3.17%) is higher than the prior year (σ 2.07%). In August readings over the past 3 years, Consumer Confidence has averaged 99.53%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with EUR/CZK, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 3.86%.
WHAT TO WATCH NEXT
The next release is scheduled for September 24, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Consumer Confidence - CZ
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About Consumer Confidence — Czech Republic
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 102.3 %, consensus 106 %. Prior reading (Jul 2026): 105.6 %. Before that (Jun 2026): 106.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.70) — a useful reference for commodities-focused traders.
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Economic Calendar - CZ Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CZ | Producer Price Index MoM | 0.4 | 0.3 | 0.3 | 0.35 | Low |
| 07:00 | CZ | Producer Price Index YoY | 2 | 1.6 | 1.8 | 1.90 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CZ | Interest Rate Decision | 3.75 | 3.75 | 3.75 | Low | |
| Monday, September 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | CZ | External Debt | 238.12 | 239.7 | 240.06 | Low | |