Confidence in Czech economy hits all-time-low

Confidence in the Czech economy fell by 2.6 points month-on-month in July to 95.7 points, the Czech Statistics Office reported. The confidence indicator decreased among both businesses and consumers. The business confidence indicator fell by 2.9 points to 100.2 compared with June and the consumer confidence indicator fell by 1.1 points to 73.6. Consumer pessimism has been growing steadily in the past five months, and in July the confidence indicator fell to its lowest level since January 2003, the start of monitoring.