The Consumer confidence has continued to improve in the Czech Republic, having moved into positive territory in November 2014 and reaching a new peak not seen since March 2007.
The willingness to spend is mainly supported by low inflation, higher employment and fiscal expansion, with a positive impact on real household disposable income.
Societe Generale notes as follows:
We expect a 0.7% increase in retail sales for January (mom, SWDA), supported by higher car sales as well as other sales; in yoy terms, we see retail sales rising 4.3% (5.0% SWDA).
