Entrepreneurial confidence in the economy increased in December in the industrial sector (+2.3ppt), selected services sector (+1.5ppt) and commercial sector (+2.6ppt), but fell in the construction sector (-5.4ppt) compared to the previous month.
consumer Economic confidence fell significantly from the previous month. The number of respondents who expect overall economic conditions to worsen over the next 12 months increased compared to November. Additionally, the number of households rating their current financial situation worse than in the past 12 months and the number of respondents who expect it to worsen over the next 12 months increased. The proportion of consumers who believe now is not a good time to make a major purchase remained roughly steady.
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More detailed information on developments in business and consumer confidence can be found in the RI Business Survey Supplement.
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Note:
Responsible Party: Juraj Rojka, Head of the Business Statistics Coordination and Business Cycle Research Department, Tel: +420731439291, Email: juraj.lojka@czso.cz
Contact person: Jiri Obst, Head of Business Cycle Research Unit, Tel: +420604815440, Email: Email: jiri.obst@czso.cz
Information source: CZSO Business Survey, Data Collect Consumer Survey (https://www.datacollect.cz)
Data collection date: Business Part: December 18, 2023
Consumer: December 15, 2023
Next News Release: January 24, 2024
This press release has not been edited for language.
Detailed timeseries of the underlying indicators of the balance and confidence index:
https://www.czso.cz/csu/czso/kpr_ts
The Business and Consumer Survey is co-funded by a grant agreement from the European Commission DG ECFIN.
https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys_en
Link to European Database: https://ec.europa.eu/eurostat/web/euro-indicators/database
