Czech Consumer Morale Improves in January

Analysis

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The consumer confidence indicator in the Czech Republic rose to 91.2 in January, up from a one-year low of 84.8 in the prior month, monthly survey from the Czech Statistical Office (CZSO) showed on Wednesday.

According to the report, number of households expecting a deterioration of the overall economic situation for the next 12 months had decreased. On the other hand, the number of respondents expecting a worsening financial situation for the next 12 months has also lessened, as well as the views over the current circumstances. Meanwhile, assessments for making large purchases remained unchanged.

The business confidence indicator in the Czech Republic meanwhile dropped by 2.5 percentage points to 92.7 in January from a seven-month high of 95.2 in the prior month, the statistics office figures show.

Sentiment deteriorated among manufacturers (89.9 vs 95.4 in December), retailers (91.8 vs 92.1) and service providers (94 vs 95.3), data showed. Constructors, however, were more confident (109.1 vs 101.3). 

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