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Business cycle surveys - December 2024

Overall confidence in the economy declined slightly m-o-m

Publication Date: 23. 12. 2024

Product Code: 070008-24

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The composite confidence indicator (economic sentiment indicator), in the basic index form – fell by 0.5 points compared with November to 97.5, with both components of the index showing the same trend. The business confidence indicator decreased slightly by 0.4 points to 96.9 and the consumer confidence indicator fell by 1.2 points to 100.4.

 

Business confidence in the economy increased in selected service sectors (1.5 points) and slightly in trade (+0.4 points). Business confidence in the construction sector remained at the same level as in November and in industry it decreased by 2.4 points.

Consumer confidence fell m-o-m in December. The confidence indicator fell by 1.2 points to 100.4. The share of consumers expecting the overall economic situation in the Czech Republic to deteriorate over the next twelve months increased slightly. The share of households expecting their financial situation to improve over the next twelve months was almost unchanged compared with November. M-o-m, the number of households assessing their current financial situation as worse than in the previous twelve months decreased slightly. The share of consumers who believe that the current period is not suitable for making large purchases has increased.

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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.