Business cycle surveys - December 2024
Overall confidence in the economy declined slightly m-o-m
Publication Date: 23. 12. 2024
Product Code: 070008-24
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.
***
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@csu.gov.cz
Contact person: Jiri Obst, Head of Business Cycle Surveys Unit, tel. +420604815440, e-mail: jiri.obst@csu.gov.cz
Data source: CZSO business survey, Data Collect consumer survey (https://www.datacollect.cz)
Data collection date: Business part: December 17, 2024
Consumer part: December 16, 2024
Next News Release: January 24, 2025
This press release wasn´t edited for language.
Detailed time series of Balances and basic indices of confidence indicators: https://csu.gov.cz/produkty/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