Confidence in the Czech economy has risen f0r the second month in a row, largely thanks to industrial and service companies, the latest monthly index compiled by the Czech Statistical Office suggests. Consumer confidence, however, fell back even though unemployment fears appear to be easing.
After sinking to a near two-year-low in December, Czech economic confidence recovered slightly in January according to the Czech Statistical Office’s monthly survey. Most sectors of industry — and consumers — are a bit brighter about the outlook, though the hard-hit construction sector still sees no light at the end of the tunnel.
Overall confidence in the Czech economy improved in October after deteriorating for three straight months, with the seasonally adjusted economic confidence index rose reaching 4.5, the Czech Statistical Office (ČSÚ) said Monday.
Czech consumer and business confidence took a hit in September with both more despondent about their economic situation and outlook. In the business sphere, there was a surpsingly sharp upturn in confidence in the hard-hit building sector while gloom deepened in manufacturing and trade companies.