Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  March 25, 2013 10:02:39

CR - Confidence in the economy has increased slightly again


Overall confidence in the domestic economy increased slightly in March. The composite confidence indicator (economic sentiment indicator), compared to February increased by 0.2 point. Business confidence indicator mom almost unchanged. In the construction industry confidence increased, the industry remains unchanged in trade and selected services decreased. Consumer confidence increased mom. Compared with values ??in March 2012 as a comprehensive indicator of confidence and business confidence indicator lower, consumer confidence is higher.

In industry In March, the assessment of current overall economic situation of the respondents changed. Assessment of total demand has changed as well, the assessment of foreign demand decreased slightly. Inventories of finished goods respondents increased slightly.Respondents expect for the next three months increase in production activity and the rate of employment. Compared with February, the expectations of the economic situation for the next three and six months changed. Overall, the confidence in the industry compared to the previous month and unchanged from the value of March 2012 is still lower.

In construction , the assessment of the current economic situation of respondents in March changed. Assessment of the demand increase compared to February. Respondents expect for the next three months no changes in construction activity and a slight decrease in employment. Expectations of the economic situation for the next three and six months compared to February increased. Overall, confidence in construction increased compared to the previous month and higher than in March 2012.

In tradeassessment of the current economic situation of respondents compared to February decreased. Inventories were unchanged. Expectations of the economic situation for the next three and six months did not change as well. Overall confidence in March dropped in trade, mom, mom, and is lower.

In selected services (including banking sector) in March assessment of the current economic situation of the respondents did not change compared to February. Guest March demand decreased slightly, her expectations for the next three months has not changed. Expectations of the overall economic situation for the next three months rose slightly, for the next six months has not changed. Overall, confidence in selected services decreased slightly decreased and decreased lower.

The consumer confidence indicatorin March rose mom, mom, and is also higher. The survey among consumers in March indicates that for the next twelve months decreased slightly from consumer concerns about deterioration of the overall economic situation. Concerns about their own financial situations are mom. Fears of an increase in unemployment compared to the previous month, hardly changed. Intention also save almost unchanged. Respondents remain concerned about rising prices and make larger purchases involved.


Source: CSO

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