Czech Republic: Economic sentiment rises in June
June 24, 2015
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from May’s 95.5 points to 97.0 points in June, reaching the highest level since July 2008. The improvement reflects increases in both business sentiment and consumer confidence. Nevertheless, the index stayed below its 100-point long-term average.
Business sentiment inched up from May’s 93.8 points to 95.5 points in June. The improvement was driven by higher confidence in the industry, services and trade sectors. Conversely, confidence moderated in the construction sector.
Consumer confidence advanced from May’s 103.6 points to 104.3 points in June, mainly reflecting that consumers’ assessment of the overall economic situation improved slightly. However, their expectations on their own financial situation and on price increases were broadly stable compared to May. In addition, their expectations regarding unemployment and their saving capacity were also roughly unchanged.