Business cycle surveys - August 2024
Business confidence and the consumer confidence indicators decreased compared to July
Publication Date: 26. 08. 2024
Product Code: 070008-24
Confidence in the economy among entrepreneurs decreased in the trade (-2.6 points), the construction (-2.4 points) and the selected services (-4.3 points). According to the previous month, the confidence among entrepreneurs increased in only in the industry (+1.6 points).
Consumer confidence decreased again. The confidence indicator decreased by 1.1 points to a value of 97.3. The number of respondents expecting a deterioration in the overall economic situation in the next twelve months significantly increased. The number of consumers assessing their current financial situation worse than in the previous twelve months has been stable. The number of respondents expecting a deterioration in their financial situation in the next twelve months is slightly decreased. The share of consumers who believe that the current time is not suitable for making major purchases has decreased compared to the previous month.
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More detailed information on the development of business and consumer confidence can be found in the supplementary information to the RI business surveys.
Notes
Responsible manager: Juraj Lojka, Director of Business Statistics Coordination and Business Cycle Surveys Department, tel. +420731439291, e-mail: juraj.lojka@czso.cz
Contact person: Jiri Obst, Head of Business Cycle Surveys Unit, tel. +420604815440, e-mail: jiri.obst@czso.cz
Data source: CZSO business survey, Data Collect consumer survey (https://www.datacollect.cz)
Data collection date: Business part: August 19, 2024 Consumer part: August 15, 2024
Next News Release: September 24, 2024
This press release wasn´t edited for language.
Detailed time series of Balances and basic indices of confidence indicators: https://www.czso.cz/csu/czso/kpr_ts
Business and Consumers Surveys are co-financed by grant agreements of the European Commission DG ECFIN. https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys_en
Link to European database: https://ec.europa.eu/eurostat/web/euro-indicators/database