Czech Republic: Economic sentiment strengthens in December
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 87.9 in December (November: 82.0), marking the strongest reading in three months.
The business confidence index increased in December, coming in at 87.1, up from November’s 81.7 reading. The improvement was broad-based, with sentiment growing in the industry, trade, construction and selected services sectors.
Moreover, consumer confidence increased in December, with the consumer confidence index rising to 91.7 from 83.1 in November. The hike reflected consumers’ weaker concerns regarding unemployment as well as stronger intentions to save.