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Czech Consumer Confidence Highest in a Year

Analysis

Photo by Karel Pesorna/Shutterstock.com

The consumer confidence indicator in the Czech Republic increased by 4.8 points to 87.7 in February, figures released by the Czech Statistical Office (CZSO) on Friday show.

It was the highest reading since February last year, as consumers were less concerned about the deterioration in the overall economic situation and in their own financial situation over the next 12 months.

Additionally, the share of respondents who do not find the current time suitable for making large purchases slightly decreased.

Meanwhile, the number of consumers who assess their own financial situation as worse than in the past year was almost unchanged.

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