Confidence in Czech economy slides again in July

Overall confidence in the Czech economy fell again in July, according to the Czech Statistical Office. The statisticians also reported a decrease in the composite confidence indicator of 1.6 points compared to June while the consumer confidence indicator was up. Among entrepreneurs, confidence increased in trade and in construction. In selected services and in industry it declined. In industry in July, the assessment of the current overall economic situation went down while that of current total demand remained unchanged and foreign demand also decreased. The most important obstacle for production remains insufficient demand, as stated by more than half of respondents.