Czech Republic: Economic sentiment at an eleven-month high in October
October 24, 2017
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), rose again in October. Economic sentiment increased to 99.3 points, up from the prior month’s 99.1 points. The result was driven by an improvement in business confidence; consumers, however, were less confident compared to the previous month.
The business confidence sub-indicator rose from 97 points in September (previously reported: 96.8 points) to 97.4 points in October, but paints a mixed picture as confidence in two of the four sectors deteriorated: construction and services. However, confidence in the industry and trade sectors improved.
Consumer confidence, on the other hand, deteriorated slightly from the prior month’s 109.2 points to 108.7 points in October. The result was primarily driven by decreased expectations of job security.
Author: Jan Lammersen, Economist