Overall confidence in Czech economy was in February the highest in the last 10 years

Published: 26.02.2018 Related countries:  U.S.A. U.S.A.

The composite confidence indicator (economic sentiment indicator), that is stated by basic indices, increased slightly by 0.4 points to 99.9 m-o-m. Confidence of entrepreneurs increased slightly by 0.6 points to 97.5 compared to January. Consumer confidence indicator decreased slightly by 0.3 points to 112.0, m-o-m.

In industry, in February, confidence indicator decreased slightly by 0.3 points to 96.5. The assessment of current overall economic situation of the respondents almost unchanged m-o-m.

 

In construction, in February, confidence increased by 5.6 points to 93.5. The assessment of current economic situation of the respondents almost unchanged, m-o-m. The assessment of total demand for construction work increased, compared to January. Respondents expect for the next three months a decrease in the development of construction activity and an increase in the employment.

 

In February, confidence in trade increased slightly by 0.3 points to 103.2. The assessment of overall economic situation of the respondents did not change m-o-m. The stocks increased slightly. Expectations of the economic situation development for the next three as well as six months increased, compared to January. Overall, confidence in trade is lower, y-o-y.

 

In selected services (incl. banking sector), in February, confidence increased slightly by 0.9 points to 98.1. The assessment of current economic situation of the respondents did not change compared to January. In February, the assessment of demand increased, its expectations for the next three months did not change.

 

In February, consumer confidence indicator decreased slightly by 0.3 points to 112.0, m-o-m. The survey taken among consumers in February indicates that consumers are for the next twelve months more afraid of a decrease in the overall economic situation. Worries about their financial standing did not change, compared to January.

 

Composite confidence indicator, entrepreneur’s confidence indicator and consumer confidence indicator are higher, compared to February 2017.

 

 

 

Source:

 

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