Confidence in Czech economy at all-time low

Confidence in the Czech economy is at an all-time low, according to data published on Monday by the Czech Statistical Office. It continued to decline in September, falling by four points month-on-month to 90.1, and has also declined in a year-on-year comparison. Entrepreneurs and consumers are the most pessimistic - confidence among these sample groups has fallen to 72.7 points, the lowest since polling began in January 2003. In addition, almost a third of households report that they can barely make ends meet.

However, there was a slight decrease in the number of respondents who rate their current financial situation as worse compared to the previous 12 months.