The Composite Confidence Index, which tracks the underlying performance of its constituent stocks, rose 3.6 percentage points from the previous month to 92.8. Business Confidence rose 3.4 percentage points to 92.8, and Consumer Confidence rose 4.4 percentage points to 92.7.
Entrepreneurial confidence increased significantly in October. Industrial Confidence in the economy declined in other sectors, specifically by 1.3 percentage points in selected services, 1.1 percentage points in trade, and 0.6 percentage points in construction.
consumer Confidence in the economy has increased. The number of respondents who expect the economic situation in the Czech Republic to worsen overall over the next 12 months decreased in October. The number of households assessing their current financial situation as worse compared to the past 12 months decreased in October.While it remained roughly steady compared to last year, the number of respondents expecting it to get worse over the next 12 months dropped, and the proportion who think now is not a good time to make a big purchase dropped slightly compared to September.
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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 person: Juraj Lojka, Director of Business Statistics Coordination and Business Cycle Research, Tel: +420731439291Email: juraj.lojka@czso.cz
Contact: Jiri Obst, Head of Business Cycle Research Unit, Tel: +420604815440, Email: Email: jiri.obst@czso.cz
Data sources: CZSO Business Survey, Data Collect Consumer Survey (https://www.datacollect.cz)
Data collection date: Business part: October 18, 2023
Consumer: October 16, 2023
Next news release: November 24, 2023
This press release has not been edited for language.
Detailed timeline of balances and fundamentals Confidence Index Indicators: 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 destination Europe Database: https://ec.europa.eu/eurostat/web/euro-indicators/database