Czech Republic: Economic sentiment virtually ticks up in December
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 95.5 in December from 95.2 in November, when it marked the worst print since April.
Consumer confidence strengthened in December, with the index increasing to 92.3 from 90.4 in November. The rise mainly reflected consumers’ easing albeit still considerable concerns regarding inflation and unemployment.
Meanwhile, the business confidence index remained unchanged at November’s 96.2 in December. The result came on the back of rosier sentiment in the industry, construction and trade sectors offsetting weaker confidence in the selected services sector.