Czech Economic Sentiment Deteriorates in May

Analysis

Photo by pelfophoto/Shutterstock.com

The Czech economic confidence weakened somewhat in May after reaching a 1-year high in the previous month, survey results from the Prague-based Czech Statistical Office (CZSO) showed on Friday.

The economic sentiment index dropped to 96.4 in May from 97.0 in April, which was the highest reading since May 2023. Data showed that the business sentiment index also fell slightly to 95.4 from 95.6 a month ago.

The industrial confidence index worsened to 90.5 from 92.5, while the sentiment index in trade improved to 96.4 from 92.4 in the previous month.

Data showed confidence among consumers weakened in May, and the sentiment index dropped to 101.6 from April's 31-month high of 103.8.

The number of respondents expecting deterioration in the overall economic situation in the next twelve months significantly increased. 

OTP Redeems EUR 400 mln of Green Securities Banking

OTP Redeems EUR 400 mln of Green Securities

KDNP Pulls out of EPP After Tisza Joins Elections

KDNP Pulls out of EPP After Tisza Joins

Gloster Wins EUR 15 mln BMW Contract Deals

Gloster Wins EUR 15 mln BMW Contract

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

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.