Confidence in Czech economy hits all-time-low in July

Analysis

Confidence in the Czech economy fell by 2.6 points month-on-month in July to 95.7 points, survey results from the Prague-based Czech Statistical Office (CZSO) showed on Monday.

The confidence indicator decreased among both businesses and consumers.

The business confidence indicator fell by 2.9 points to 100.2 compared with June and the consumer confidence indicator fell by 1.1 points to 73.6.

The industrial sentiment index fell further to 98.9 in July from 106.1 in the preceding month.

At the same time, the measure of confidence in construction improved to 118.6 from 117.4 in the prior month, while that for trade slid to 97.6 from 97.3.

Consumer pessimism has been growing steadily in the past five months, and in July the confidence indicator fell to its lowest level since January 2003, the start of monitoring. 

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