Czech economic confidence weakens in March

Analysis

Image by Shutterstock.com

The Czech Republic's economic confidence weakened for the first time in four months in March and consumer confidence decreased to the lowest since January 2013 as the economic expectations deteriorated sharply, survey results from the Czech Statistical Office (CZSO) showed on Thursday.

The economic sentiment index fell to 96.6 in March from 99.2 in February. The business confidence index decreased to 99.5 in March from 100.7 in the previous month.

The industrial sentiment index weakened to a three-month low of 93.9 in March from 98.3 in the preceding month.

The measure of confidence in construction fell to 123.8 from 128.9 in the prior month, while that for trade fell to 101.9 from 103.4.

The consumer confidence index fell to 82.4 in March from 91.7 a month ago.

This was the lowest since the beginning of 2013, the Prague-based agency said. 

ADVERTISEMENT

Hungary Gets Exemption From Price Cap on Russian Crude Energy Trade

Hungary Gets Exemption From Price Cap on Russian Crude

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Used Car Imports Show Double-digit Decline Automotive

Used Car Imports Show Double-digit Decline

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.