Czech Republic: Economic sentiment inches down in November
November 27, 2017
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), inched down in November, driven by a decrease in business confidence. Economic sentiment decreased to 99.0 points, down slightly from 99.3 points in October. Consumers were, however, more upbeat compared to the previous month.
The business confidence sub-indicator dropped from 97.4 points in October to 96.7 points in November. Confidence in the industry and construction sub-sectors worsened, while sentiment in the external sector improved; confidence in the services sub-sector was unchanged from last month.
Consumer confidence, on the other hand, increased from the prior month’s 108.7 points to 110.3 points in November. The result was primarily driven by a more upbeat on the country’s economic situation in the year ahead.
Author: Jan Lammersen, Economist