Czech Republic: Economic sentiment improves slightly in September
September 24, 2015
The economic sentiment indicator published by the Czech Statistics Office (CSO) inched up from August’s 95.7 points to 95.9 points in September. September’s reading represented the first rise after two months with falling sentiment; sentiment had been moderating since reaching a nearly-seven year high in June. September’s result was driven by the fact that businesses were slightly more confident, while confidence among consumers inched down. As a result, the index moved slightly closer to its 100-point long-term average.
Business sentiment inched up from August’s 94.2 points to 94.4 points in September. The increase was driven by rising confidence in the construction and trade sectors. Conversely, confidence in the industry and services sectors was unchanged.
Consumer confidence edged down from August’s 103.6 to 103.3 in September, reflecting that consumers’ assessment of their own financial situation and their savings capacity worsened slightly. By contrast, their assessment of the overall economic situation was unchanged and their expectations regarding the development of unemployment improved slightly.