TNBiz (TNBiz)
Macroeconomics  |  November 26, 2012 10:43:36

CSO: Confidence in Czech economy declined in November

PRAGUE (MEDIAFAX) - During November to reduce the overall confidence in the Czech economy, aggregate (economic sentiment indicator) mom fell by 1.7 points. Pessimism spread in construction, trade and industry, services confidence in the economy stagnated, reported on Wednesday, the Czech Statistical Office.

Consumer confidence remained almost unchanged compared with October. Compared with values ??in November 2011 as a comprehensive indicator of confidence and business confidence indicator lower index of consumer confidence increased.

In industry, in November, the assessment of current overall economic situation decreased. A view of the current total and external demand is almost unchanged compared with October. Respondents expect for the next three months a decrease in production activity and no changes in the rate of employment.

In construction, the assessment of the current economic situation in November decreased. October also fell against the total demand. Respondents expect for the next three months the decline in construction activity and a decrease in employment.

Also in the trade, according to the information of the Czech Statistical Office assessment of the current economic situation compared to October decreased. Likewise, the slightly reduced inventory. Respondents in this sector are expected to improve even in the next three months.

In selected services in November assessment of the current economic situation decreased slightly compared with October. Guest November demand hardly changed, but her expectations for the next three months increased.

Consumers' fears of economic development in the Czech Republic over the next twelve months in November, unchanged. No changes were also left doubts in their own financial situation and unemployment. Against the intention to save money during the period increased significantly. Respondents also remain concerned about rising prices.

Czech Statistical Office provides data acquisition and processing for statistical purposes and provides statistical information to government, local government, public and abroad. It also sets the methodology of surveys and processing.

Jan Soukup,

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