Confidence in Czech economy up in February

Overall confidence in the Czech economy was up again in February, according to information from the Czech Statistical Office. Compared to the preceding month, the confidence indicator was higher by 0.8%, thanks in particular to a rise in the indicator of entrepreneurial confidence, namely in industry and select services. Commerce saw a decline while confidence in construction stayed at January levels. The overall monthly indicator continues to exceed levels from the recession year of 2009, though lower in a year-on-year comparison.