Mediafax (Mediafax)
Macroeconomics  |  December 27, 2012 11:30:06

Overall confidence in the economy has increased month on month


PRAGUE (MEDIAFAX) - Overall confidence in the domestic economy in December increased, the composite confidence indicator in comparison to November increased by 1.1 point. He said that on Thursday, the Czech Statistical Office.

Among entrepreneurs, confidence in the economy remained almost unchanged in selected services sectors. In construction, trade and industry has increased.

At the same time, consumer confidence, mom almost unchanged. Compared with values ??in December 2011 as a comprehensive indicator of confidence and business confidence indicator lower consumer confidence is higher.

In industry, the December assessment of current overall economic situation decreased. Assessment of total and external demand remained almost unchanged compared to November.

Inventories of finished goods respondents also almost unchanged. Respondents expect for the next three months the growth in production activity and a slight decline in employment. Expectations of the economic situation for the next three months are higher, for the next six months are lower than in November. Overall, the confidence in the industry, mainly due to expectations of an increase in production activity, compared to the previous month and increased compared to those of December 2011 is still lower.

In construction, the assessment of the current economic situation in December increased. Assessment of overall demand remained almost unchanged compared to November. Respondents expect for the next three months a slight decline in construction activity and a slight increase in employment. Expectations of the economic situation for the next three and six months declined slightly compared to November.Overall, confidence in construction compared to the previous month increased slightly, but still remains lower than in December 2011.

In trade, the current economic situation remained almost unchanged compared to November. Inventories decreased slightly. Expectations of the economic situation for the next three and six months increased. Overall confidence in December rose at the store, mom, mom, and is also higher.

In selected services (including banking sector) in December assessment of the current economic situation remained almost unchanged compared to November. Assessment of December demand increased, but her expectations for the next three months decreased. Expectations of general economic situation for the next six months increased slightly. Overall, confidence in selected services mom almost unchanged and decreased later.

The consumer confidence indicator in December mom almost unchanged and decreased later. From the consumer survey in December showed that for the next twelve months decreased slightly from consumer concerns about deterioration of the overall economic situation. Fears of a worsening of their own financial situation, as well as fears of higher unemployment, unchanged from last month. Intention to save money decreased. Respondents remain concerned about rising prices.

Martin commas carek@mediafax.cz

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