Overall economic confidence grew in February

Overall confidence in the Czech economy improved significantly in February, with the composite confidence indicator going up to -2.6, from -4.2 in January, the Czech Statistical Office announced on Monday. The consumer confidence indicator went up to -22.3 this month from -27.8 in January, while the indicator of confidence among entrepreneurs increased to -8, from -10.7 the previous month. The economic confidence in the construction sector, though, dropped to -49 this month from -45.5, amid fears of further job cuts and stagnation in the industry.

Author: Masha Volynsky