The basic composite confidence index (economic sentiment index), reflecting a range of movements in its components, fell 1.9 points from the previous month to 90.6. Business confidence fell 2.8 points to 89.9, while consumer confidence rose 2.8 points to 94.0.
In February, as well as the first month of 2024, entrepreneur Only construction (+2.4 points) increased. All other monitored sectors saw a decline of 4.7 points in manufacturing, 3.7 points in trade and a second 1.3 points in selected services.
consumer Consumer confidence increased for the second consecutive year. The confidence index increased 2.8 points to 94.0. The number of respondents who expect overall economic conditions to worsen over the next 12 months remained roughly steady. Compared to January, fewer consumers rated their current financial situation as worse than the past 12 months, and the number who expect their financial situation to worsen over the next 12 months also decreased. The proportion of consumers who believe now is not a good time to make a major purchase remained unchanged compared to last month.
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For more information on developments in business and consumer confidence, of supplement information To of RI Business investigation.
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The basis for calculating the base index will be changed in a news release of the Czech Statistical Office in January 2024. For 2024, the long-term average from January 2003 to December 2023 will be calculated. The long-term average is changed once a year in the data published in a news release in January.
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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@csu.gov.cz
Contact person: Jiri Obst, Head of Business Cycle Research Unit, Tel: +420604815440, Email: jiri.obst@csu.gov.cz
Information source: CZSO Business Survey, Data Collect Consumer Survey (https://www.datacollect.cz)
Data collection date: Business Part: February 19, 2024
Consumer: February 16, 2024
Next News Release: March 25, 2024
This press release has not been edited for language.
Detailed timeline of balances and fundamentalsConfidence Index Indicators: https://csu.gov.cz/produkty/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 destination Europe Database: https://ec.europa.eu/eurostat/web/euro-indicators/database
