Overall confidence in Czech economy up again in December - CSU

Ilustrační foto - Supermarket, interiér, obchodní dům - ilustrační foto.

published: 20.12.2013, 10:07 | updated: 20.12.2013 10:28:23

Prague - Czech economic sentiment indicator in December increased by one point compared to November to 5.5 points and it was the fifth consecutive increase, the Czech Statistical Office (CSU) said today.

Confidence increased in trade and selected services. Confidence in industry remained unchanged and in construction it slightly decreased, the CSU said.

Business confidence was rising while consumer confidence was virtually unchanged, statisticians said.

"Consumer confidence indicator was more or less the same on the month but was higher on the year," they said.

Consumers are, however, more concerned about worsening of the overall economic situation in the next 12 months.

Fears about their financial situation or higher unemployment were the same as in November. Their plans to save did not change either. They are less willing to buy durables and are more afraid of price hikes, the CSU said.

Confidence indicator in trade jumped by 6.3 points from November and in selected services including the banking sector it posted a rise of 2.4 points.


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