Business confidence fell, consumer confidence rose 4.1 p

Published: 28.11.2022 Related countries:  Japan Japan

The aggregate confidence indicator increased 0.3 points month on month to 90.1 in November 2022. Business sentiment decreased by 0.4 points to 93.0.

Consumer confidence, on the other hand, rose by 4.1 points to 76.0. Jiří Obst, head of the Czech Statistical Office's cyclical surveys department, said that the biggest weight in the business confidence indicator is given to industry, where the mood has been continuously deteriorating since June. It is due to declining demand, which is also reflected in reduced expected production, and the persistent growth in the number of entrepreneurs considering reducing their workforce in recent months.