Consumer confidence in the Czech economy up, businesses less optimistic

Confidence in the Czech economy fell by 0.2 points to 96.8 points in October compared with the previous month, according to data released by the Czech Statistics Office on Thursday. Businesses were less optimistic than in September, while consumer confidence in the economy rose by 2.8 points to 100.7 points. Experts point to the fact that consumer confidence rose for the second month in a row in October and was slightly above its long-term average for the first time since June this year. Compared to previous months, the number of households worried about the deterioration of the overall economic situation in the Czech Republic decreased. The number of people expecting an improvement in their financial situation has increased. Even so, almost a third of consumers still say they can barely make ends meet, and almost a tenth have to borrow or dip into savings.