Confidence in Economy Decreased, Consumer Confidence Indicator Increased – May 2018

Published: 31.05.2018 Related countries:  U.S.A. U.S.A.

Czech Statistical Office: Overall confidence in economy decreased. The composite confidence indicator (economic sentiment indicator), that is stated by basic indices, decreased by 0.9 points to 99.2, m-o-m. Confidence of entrepreneurs decreased by 1.4 points to 96.2 compared to April. Consumer confidence indicator increased by 1.3 points to 113.8, m-o-m. Composite confidence indicator, entrepreneur’s confidence indicator and consumer confidence indicator are higher, compared to May 2017.

In industry confidence indicator decreased according the business cycle survey by 2.1 points to 95.0. For the next three months, respondents of the business cycle survey expect a decrease in the development of production activity and almost no changes in the employment.

 

 

 

In construction confidence decreased slightly by 0.5 points to 96.6. Respondents expect for the next three months no changes in the development of construction activity and in the employment too.

 

 

 

In trade confidence decreased by 2.5 points to 98.1. Expectations of the economic situation development for the next three months as well as six months did not change. Overall, confidence in trade is the same as in the previous month.

 

 

 

In selected services (incl. banking sector) confidence decreased slightly by 0.5 points to 97.2. Expectations of total economic situation development for the next three months almost unchanged.

 

 

 

Consumer confidence indicator increased by 1.3 points to 113.8, m-o-m. The survey taken among consumers in May indicates that consumers are for the next twelve months slightly less afraid of a decrease in the overall situation.

 

 

 

 

 

Published by the team of CzechTrade foreign office in Chicago.

 

 

 

Source:

 

https://www.czso.cz/csu/czso/ari/business-cycle-survey-may-2018