Czech Republic: Economic sentiment unchanged in April
April 24, 2015
The economic sentiment indicator published by the Czech Statistics Office (CSO) in April remained at March’s 95.1. Previously, sentiment had recorded modest drops in the three past months. April’s reading reflects that a slight improvement in business sentiment was offset by a slight decline in consumer confidence. As a result, the index stayed below its 100-point long-term average.
Business sentiment inched up from March’s 92.9 points to 93.2 points in April. The improvement was driven by higher confidence in the construction, trade and, to a lesser extent, services sectors. Conversely, confidence worsened in the industry sector.
Consumer confidence decreased from March’s 105.7 points to 104.3 points in April. According to the survey, while consumers’ assessment of the overall economic situation worsened slightly, their expectations on unemployment, their own financial situation and price increases was almost unchanged. Households assessed their saving capacity more positively than in March.