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Financial News: Czech Economic Sentiment At 8-Month High

Czech Economic Sentiment At 8-Month High

09/25/2017 - 03:24:00 (RTTNews)

(RTTNews) - Czech economic sentiment strengthened for the third straight month in September to the highest level in eight months, survey data from the Czech Statistical Office showed Monday.

The economic sentiment indicator climbed to 14.6 in September from 14.1 in August.

Moreover, the latest reading was the strongest since January, when it marked 14.7.

The consumer confidence index also improved to an eight month high of 6.8 in September from 5.5 in the prior month.

The survey revealed that consumers were a little less afraid of a decrease in the overall economic situation over the next twelve months, while worries about their financial standing remained almost unchanged compared to August.

The business confidence index rose further to 16.5 in September from 16.3 in the preceding month. It was the highest score since January, when it marked the same 16.5.

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