Confidence in Czech economy drops for third straight month

Confidence in the Czech economy fell for a third consecutive month in September, dropping by 2.4 points to 96.2 points compared to August.

The indicators were lower in month-on-month terms both among businesses and consumers, data from the Czech Statistical Office show. Companies are pessimistic due to shortages of materials and related price increases, which have also raised consumers’ concerns about inflation.

The business confidence indicator decreased by 1.8 percentage points to 95.3, while the consumer confidence indicator decreased by 5.3 percentage points to 100.7. Compared to September 2020, however, the composite indicator, business indicator and consumer confidence indicator are all higher.