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Czech Republic Economic Sentiment March 2022

Czech Republic: Economic sentiment falls in March

The economic sentiment indicator, published by the Czech Statistical Office (CSO), dropped to 96.6 in March from 99.2 in February.

Consumer confidence collapsed in March, with the index decreasing to 82.4 from 91.7 in February. The rise mainly reflected an increase in the number of households expecting a worsening in the overall economic situation over the next twelve months as well as more downbeat expectations on their personal financial situation amid the impact of the Russia-Ukraine war.

Meanwhile, the business confidence index decreased to 99.5 from February’s 100.7. The result came on the back of gloomier sentiment in the industry, construction and trade sectors more than offsetting somewhat stronger confidence in the selected services sector.

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