Economic confidence climbs in December

Economic confidence rose in December compared with November and the same month in 2009 according to figures released on Monday by the Czech Statistical Office. The month on month index was 3.6 points higher than in November with confidence boosted both amongst consumers and companies. Year on year, the index is up 13,5 points compared with December 2009. In spite of rising confidence levels throughout the year, the index is still below the 100 point level of 2005. Analysts say Czech optimism has been fuelled by the continuing strong performance of the German economy.

Author: Chris Johnstone