Czech consumer confidence at 4-month low

Analysis

The Czech Republic's consumer confidence weakened for a third month in a row to its lowest level in four months amid stricter restrictions to battle a resurgence in the coronavirus pandemic, survey data from the Prague-based Statistical Office (CZSO) showed Wednesday.

The consumer confidence indicator dropped to 84.0 from 85.0 in February.

The latest reading was the weakest since November, when it was at 83.4. Expectations of a deterioration in the overall economic situation for the next twelve months increased for the third time in a row. Fears over rising unemployment also climbed. Concerns over a weakening of the personal financial situation, rising prices, and saving intentions in the twelve months were unchanged.

The industrial confidence index eased to 95.4 in March from 97.1 in February. Optimism continued to improve in the construction sector, while morale weakened further in trade and services. The overall economic sentiment index fell to a four-month low of 87.0 from 89.7 in the previous month

ADVERTISEMENT

Bulgaria jobless rate falls to record low in August Figures

Bulgaria jobless rate falls to record low in August

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.