Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 24, 2012 10:26:40

CR - business confidence in the economy remained unchanged in October, consumer confidence grew


Overall confidence in the domestic economy grew slightly in October. The composite confidence indicator (economic sentiment indicator) when compared to September increased by 0.5 point. Among entrepreneurs, confidence in the economy improved in industry and construction, in services and trade declined. Consumer confidence rose mom. Compared with values ??in October 2011 as a comprehensive indicator of confidence and business confidence indicator for consumer confidence lower.

In industry In October, the assessment of current overall economic situation remained almost unchanged. Assessment of total demand increased slightly, the assessment of foreign demand increased as well. Inventories of finished goods respondents changed.Production capacity utilization in the manufacturing sector grew in October and reached 82%; ensure respondents have work almost the same as in the previous quarter. The main barrier to growth of production is again insufficient demand, it provides over half of all respondents. Respondents expect the next three months, a slight increase in production activity and the rate of employment. Expectations of the economic situation for the next three months are the same, for the next six months are lower than in September. Overall, the confidence in the industry has increased compared to the previous month, but compared to the values ??of October 2011 is still lower.

In construction , the assessment of the current economic situation in October increased. Total demand compared to September increased as well.Respondents expect for the next three months no changes in construction activity and employment. Expectations of the economic situation for the next three months, hardly changed for the next six months rose. Overall, confidence in construction increased compared to the previous month, but still remains lower than in October 2011.

In trade, the current economic situation decreased slightly compared to September. Inventories are almost unchanged. Expectations of the economic situation for the next three months decreased slightly, for the next six months has not changed. Overall, in October, confidence in trade decreased slightly decreased, and decreased lower.

In selected servicesIn October, the current economic situation remained almost unchanged compared to September. Guest October demand decreased and its expectations for the next three months also decreased. Expectations of the overall economic situation for the next three months, almost unchanged, for the next six months are higher. Overall confidence in services declined mom, and even lower yoy.

The consumer confidence indicator increased month on month in October, but year on year is still lower. The survey among consumers in October indicates that for the next twelve months decreased consumer concerns about the deterioration of the overall economic situation. Fears of a worsening of their own financial situation, as well as fears of rising unemployment, the mom a little lower. Intention to save money decreased. Respondents remain concerned about rising prices.


Source: CSO
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