Czech Republic: Economic sentiment weakens in January amid tighter coronavirus restrictions
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dropped to 87.3 in January (December: 88.6).
The business confidence index decreased in January, coming in at 87.1, down from December’s 87.8 reading. The deterioration was broad-based, with sentiment declining in the industry, trade, construction and selected services sectors.
Moreover, consumer confidence fell in January, with the consumer confidence index dropping to 88.5 from 92.0 in December. The decrease reflected consumers’ mounting concerns regarding unemployment as well as the overall economic situation.