Czech Republic: Economic sentiment strengthens in February amid improved business sentiment
February 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 89.7 in February (January: 87.3).
The business confidence index increased in February, coming in at 90.6, from January’s 87.1 reading. The improvement was almost broad-based, with sentiment rising in the industry, construction and selected services sectors. On the other hand, confidence in the trade sector weakened.
Meanwhile, consumer confidence fell in February, with the consumer confidence index dropping to 85.0 from 88.5 in January. The decrease reflected consumers’ mounting concerns regarding unemployment as well as the economic and financial situation over the next 12 months.