Czech Republic: Economic sentiment weakens further in November
November 24, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 82.0 in November (October: 86.4), marking the weakest reading in five months.
The business confidence index decreased in November, coming in at 81.7, down from October’s 86.5 reading. The decline was broad-based, with sentiment falling in the industry, trade, construction and selected services sectors.
Moreover, consumer confidence dropped in November, with the consumer confidence index declining to 83.1 from 86.0 in October. The drop reflected consumers’ stronger concerns regarding unemployment as well as weaker intentions to save.