The mood of Czech businessmen recorded a significant growth in March, which was reflected in the overall assessment of confidence in the Czech economy. The respective index reached the highest value in the last seven months. However, consumer sentiment fell for the first time in three months. The RTTNews portal informed about it.
The index of economic confidence reached 93.9 points in March compared to 91.7 points in the previous month, the Czech Statistical Office (ČSÚ) said at the end of the week. The March value of the index is the highest since August last year, when the index reached 94.3 points.
The key index was mainly supported by the improvement in the mood among entrepreneurs. The relevant business confidence index rose to 95.2 points in March from 92.5 points in February.
Within the business sector, the mood in industry improved significantly, where the relevant index increased from the February value of 88.7 points to 95.4 points. The mood also improved in the area of trade, on the contrary, confidence in the economy fell in the construction industry. The index in this sector reached 100.2 points, while in February it was 106.2 points.
The mood among consumers, which grew in the previous two months of the year, also worsened. The consumer confidence index reached 87.1 points in March compared to February’s value of 87.7 points. Czech consumers pointed out in particular the deterioration of their financial situation compared to the previous year.
Don’t overlook
The Czech Republic registered a trade surplus in January