Czech Republic: Economic sentiment in January remains virtually unchanged at over six-year high
January 26, 2015
In January, the economic sentiment indicator published by the Czech Statistics Office (CSO) remained virtually unchanged as it inched down only marginally from 96.5 points in December, which had marked the highest level since August 2008, to 96.4 points in January. January’s print reflects that a moderation in business confidence offset an improvement in consumer confidence.
Business sentiment inched down from December’s 94.8 points, which had marked the highest reading since February 2011, to 94.3 points in January. The moderation was mainly driven by declining confidence in the industrial sector. Conversely, confidence in the construction, trade and services sectors improved.
Consumer confidence rose from 105.1 points in December to 106.7 points in January, reaching the highest level since March 2007. According to the survey, while respondents were less worried about unemployment and potential price increases, consumer’s assessment of the general economic and their own financial situation in the next 12 months remained unchanged compared to the previous month.