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Czech economic confidence falls for 2nd month in October

Analysis

The Czech Republic’s economic confidence index fell for the second straight month in October, survey results from the Czech Statistical Office (CZSO) show. 

The economic confidence index fell to 93.6 in October, from 94.6 in September. The reading was the lowest since August 2014, when it was 93.4. In August, the confidence index was 95.6.

The business confidence index decreased to 91.6 in October, from 92.9 in the preceding month. The industrial sentiment index decreased to 87.5 in October, from 90.3 in the previous month.

The measure of confidence in construction increased to 104.3 in October, from 101.8 in the previous month, while that of trade fell from 95.1 to 90.6.

The consumer confidence index decreased to 103.6 in October, from 103.3 in the previous month, the Prague-based CZSO said.

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