Czech Republic: Economic sentiment at six-month high in September
September 24, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), edged up to 90.9 in September (August: 87.0).
The business confidence index continued to rise in September, coming at 89.5, up from August’s 85.5 reading. The increase was driven by a broad-based improvement of sentiment among sectors: the trade, construction, industrial and selected services sectors all recorded higher sentiment.
Moreover, consumer confidence improved in September, with the consumer confidence index increasing to 97.6 from 94.4 in August. The rise reflected consumers’ diminished concerns regarding their financial situation and stronger intentions to save.