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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Four Czechs on Kyrgyzstan skiing holiday killed in avalanches

Four Czech citizens on a skiing holiday were killed in avalanches that occurred in Kyrgyzstan's northern district of Ak-Suu over the weekend, according to the Issyk-Kul regional police department. ... more

Czech Raiffeisenbank profit in 1-3Q 2023 dropped by 27.5% y/y

The Czech branch of Raiffeisenbank (RB) registered a 27.5% year-on-year drop in profits in the first three quarters of 2023 to CZK3.96bn (€162mn). RB’s assets grew by 13.3% to CZK679bn, Czech ... more

South Africa regulator stops Sasol's bid to sell sodium cyanide unit to Czech rival Draslovka

South Africa’s Competition Tribunal has prohibited a proposed intermediate merger involving the sale by a local company of its sodium cyanide business to another from the Czech Republic. Local ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss