March 28, 2023
The composite confidence indicator (economic sentiment indicator) – in the basis index form – increased by 2.2 points compared to February to 93.9, with the different developments of its components. The business confidence indicator increased by 2.7 percentage points to 95.2 and the consumer confidence indicator decreased slightly by 0.6 points to 87.1.
Confidence in the economy among entrepreneurs increased in industry and trade in March. In construction and selected services, it decreased compared to last month.
Among consumers, confidence in the economy decreased slightly m-o-m. Households are less worried about the deterioration of the overall economic situation. However, they rate their current financial situation more poorly compared to the previous twelve months. However, the number of respondents expecting a worsening of their financial situation in the next 12 months has hardly changed. The share of consumer who believe that the current time is not suitable for making large purchases increased m-o-m.
Source: Czech Statistical Office
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