Czech Republic: Economic sentiment inches up in December
December 27, 2017
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), increased slightly in December to hit the highest reading in over nine years, despite a marginal decrease in consumer confidence. Economic sentiment increased to 99.6 points, up from 99.0 points in November.
The business confidence sub-indicator increased from 96.7 points in November to 97.5 points in December. Confidence in the industry, construction and services sub-sectors improved, while sentiment in the trade sector worsened.
Consumer confidence, on the other hand, decreased slightly from the prior month’s 110.3 points to 110.0 points in December. The result was mainly driven by a less optimistic view of the country’s economic situation in the next 12 months.
Author: Jan Lammersen, Economist