Financial News: Czech Economic Sentiment Improves In October

Czech Economic Sentiment Improves In October

10/24/2023 - 05:07:00 (RTTNews)

(RTTNews) - The Czech economic confidence index strengthened in October from a 30-month low in the previous month, survey results from the Czech Statistical Office showed on Tuesday.

The economic sentiment index dropped to 92.8 in October from 93.4 in the previous month.

The business confidence index also rebounded to 92.8 in October from 89.4 in September.

The industrial sentiment index rose to a 6-month high of 93.1 in October from 84.2 in the previous month. Meanwhile, the measure of confidence in construction decreased to 100.2 from 100.8.

The survey showed that the consumer confidence index climbed to 92.7 in October from 88.3 in the previous month.

The number of households assessing their current financial situation as worse compared to the previous twelve months remained approximately the same, but the number of respondents expecting it to worsen in the next twelve months decreased.

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