Czech Republic: Economic sentiment strengthens in April
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 100.0 in April from 96.6 in March.
The business confidence index increased to 103.8 from March’s 99.5. The result came on the back of stronger sentiment in the industry and selected services sectors more than offsetting lower confidence in the construction and trade sectors.
Meanwhile, consumer confidence fell in April, with the index decreasing to 81.3 from 82.4 in March, marking the weakest reading since November 2012. The rise reflected an increase in the number of households expecting a worsening in the overall economic situation over the next twelve months as well as more downbeat expectations on their personal financial situation.