September 27, 2022
The composite confidence indicator (economic sentiment indicator) – in the basis index form – decreased by 4.0 percentage points to 90.1, m-o-m, with the same developments of its components. Business confidence indicator decreased by 4.0 percentage points to 93.6, the consumer confidence indicator decreased by 4.4 percentage points to 72.7, the lowest since the start of monitoring.
In the business sphere, confidence in the economy decreased in industry, selected service sectors and trade. After a significant decrease in August, on the contrary, it increased slightly in the construction.
Confidence in the economy among consumers decreased significantly again after the increase in August, to the lowest level since monitoring began. Compared to last month, respondents are more worried about the deterioration of the economic situation and of the overall economic situation and their own financial situation. The number of respondents who do not find the current time suitable for making large purchases increased significantly.
Source: Czech Statistical Office CZSO
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