Confidence in Czech economy rises by 0.8 points in July

Confidence in the Czech economy grew slightly in July, according to data released by the Statistical Office on Monday. Confidence was up by 0.8 points on that of the previous month, mostly because of a rise in business confidence, the office said. Consumer confidence fell in July by two points, while business confidence was up by 1.5 points. Compared with figures from this time last year, overall confidence is down by some 23 points. According to the Statistical Office, the number of respondents who feared unemployment rose in July, while those who said they were setting aside cash remained the same.

Author: Rosie Johnston