In December 2024, there was a slight decline in economic confidence in the Czech Republic. The composite confidence indicator decreased by 0.5 points to 97.5. Business confidence fell by 0.4 points to 96.9, with the most significant drop recorded in the industrial sector (-2.4 points). On the other hand, selected services saw an increase of 1.5 points. Consumer confidence dropped by 1.2 points to 100.4, indicating growing concerns about the future economic situation.

In the area of tax legislation, discussions in December focused on changes related to the taxation of financial transactions and increases in VAT rates. At the same time, adjustments in social entrepreneurship are being prepared to better integrate disadvantaged groups into the workforce.

On financial markets, the Czech koruna showed slight fluctuations against the euro, reflecting investor sentiment and trends in European markets.

Overall, December 2024 brought mixed signals for the Czech economy, with slight declines in confidence among businesses and consumers and ongoing discussions about tax changes.

Sources: ČSÚ, Danovky.cz, Gnews.cz