Consumer, business confidence up in June

After two months of stagnation, the overall confidence in Czech economy increased in June to 8.3 points, 1.2 points up from the previous month, according to fresh figures by the Czech Statistics Office released on Tuesday. An increase in the business confidence was registered in the service, retail and construction sectors while a slight drop occurred in the industry sector. The consumer confidence index, which rose by 1.2 points month on month in June, however remains at -2.8 points. Analysts say Czech consumers are less concerned about the worsening of the economy but remain worried about their own financial situation and unemployment.

Author: Jan Richter