Czech Republic: Economic sentiment rises in November
November 24, 2015
The economic sentiment indicator published by the Czech Statistics Office (CSO) improved from October’s 95.1 points to 96.0 points in November, which marked a four-month high. November’s modest increase was driven by the fact that both businesses and consumers grew more confident. Nevertheless, the index remained below its 100-point threshold.
Business sentiment rose from October’s 93.2 points to 94.2 points in November. The improvement was driven by strengthening sentiment across all sub-sectors, particularly in construction, trade and services and, to a lesser extent, industry.
Consumer confidence increased from October’s 104.8 to 105.3 in November, mainly reflecting consumers’ fading pessimism regarding the general economic outlook. Meanwhile, consumers’ assessment of their own financial situation, of their willingness to save and of unemployment in the economy did not change.