The composite confidence indicator (economic sentiment indicator), in the basic index form – increased by 1.6 points to a value of 98.0, m-o-m, reflecting different developments in its components. The business confidence indicator rose by 2.0 points to a value of 97.4, and the consumer confidence indicator slightly decreased by 0.6 points to a value of 101.0.
Confidence in the economy among entrepreneurs increased in the industry (+4.3 points) and the slightly increase is in the construction sector (+ 0.6 points) and the selected services (+ 0.1 points). The decrease is monitored in the trade (- 0.8 points).
Consumer confidence decreased again. The confidence indicator slightly decreased by 0.6 points to a value of 101.0. The number of respondents expecting a deterioration in the overall economic situation in the next twelve months significantly increased again. The number of consumers assessing their current financial situation worse than in the previous twelve months has decreased. But the number of respondents expecting a deterioration in their financial situation in the next twelve months is unchanged. The share of consumers who believe that the current time is not suitable for making major purchases has not changed compared to the previous month.
Source: Czech Statistical Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
