Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  February 25, 2013 09:04:55

CR - Confidence in the economy has increased month on month in February sev


Overall confidence in the domestic economy in February increased. The composite confidence indicator (economic sentiment indicator), compared to January increased by 1.6 points. Business confidence indicator, mom influence to improve confidence in the industry. Construction and trade, confidence decreased; selected services decreased slightly. Consumer confidence increased mom. Compared with values ??in February 2012 as a comprehensive indicator of confidence and business confidence indicator lower, consumer confidence is higher.

In industry In February, the assessment of current overall economic situation of the respondents changed. Assessment of total and external demand has changed as well. Inventories of finished goods respondents decreased. Respondents expect the next three months, a slight increase in production activity and the rate of employment.In comparison with January expectations of the economic situation for the next three months increased for the next six months has not changed. Overall, the confidence in the industry has increased compared to the previous month, but compared to values ??from February 2012 is still lower.

In construction , the assessment of the current economic situation of respondents decreased in February. Assessment of total demand decreased slightly compared to January. Respondents expect for the next three months no changes in construction activity and employment. Expectations of the economic situation for the next three and six months compared to January decreased. Overall, confidence in construction decreased compared to the previous month and is lower than in February 2012.

In tradeassessment of the current economic situation of the respondents did not change compared to January. Inventories increased. Expectations of the economic situation for the next three months did not change for the next six months increased slightly. Overall confidence in February fell at the store, mom, mom, and is lower.

In selected services (including banking sector) in February assessment of the current economic situation of the respondents remained almost unchanged compared to January. Guest February demand also remained almost unchanged, but the expectations for the next three months decreased. Expectations of general economic situation for the next six months decreased. Overall, confidence in selected services decreased slightly decreased and decreased lower.

The consumer confidence indicatorin February rose mom, mom, and is also higher. The survey among consumers in February showed that for the next twelve months decreased consumer concerns about the deterioration of the overall economic situation and their own financial situation. 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 not considering the acquisition of larger purchases.

Source: CSO
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