Czech economic confidence continues rising

By bne IntelliNews December 29, 2014

The Czech economic sentiment indicator increased in December to reach its strongest value in more than six years, data from the statistics office showed on December 29. The continued rise pushes hope that the economic recovery will continue in 2015.

The composite confidence indicator edged up to 96.5 points from 95.2 the month before. The increase reflected improved confidence among both companies and consumers.

The business sentiment indicator ticked higher to 94.8 points from 93.5 in November. The improvement came on the back of higher expectations in all four monitored sectors – industry, construction, trade and services.

Confidence among consumers strengthened to 105.1 points, the highest level since early 2007. The survey showed that households are less afraid of a decrease in the overall economic situation in the next twelve months than they were in November, the statistics office said.

Consumers’ concerns about an increase in unemployment and worries about their financial situation did not change. The share of consumers expecting an increase in prices rose from the previous month.

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