Czech Republic: Economic sentiment virtually unchanged in November
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 95.2 in November from 95.3 in October, marking the worst print since April.
Consumer confidence weakened again in November, with the index plunging to 90.4 from 98.5 in October. The fall mainly reflected consumers’ worsening concerns regarding their own financial situation, the overall economic situation for the next twelve months and especially rising prices—as the share of respondents concerned about inflation reached the highest level in the survey’s history.
Meanwhile, the business confidence index rose in November, coming in at 96.2, up from October’s 94.7 reading. The improvement came on the back of rosier sentiment in the industry and construction sectors, while confidence in the trade and selected services sectors deteriorated.