August 25, 2022
The composite confidence indicator (economic sentiment indicator) – in the basis index form – decreased by 1.6 percentage points to 94.1, m-o-m, with the different developments of its components. Business confidence indicator decreased by 2.6 percentage points to 97.6, the consumer confidence indicator increased by 3.5 percentage points to 77.1.
Confidence in the economy fell among entrepreneurs across all sectors. The value of business confidence indicator thus fell below its long-term average again
.Among consumers, confidence in the economy increased m-o-m after five months of continuous decline. Compared to July, respondents are less worried about the deterioration of the economic situation and their own financial situation. The number of consumers rate their financial situation worse than in the previous twelve months is also decreased m-o-m. Conversely, the number of respondents who believe that the next twelve months will not be a good time to make large purchases has slightly increased.
Source: Czech Republic Statistics Office
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