Business cycle surveys - February 2022
Confidence in the economy continued to grow in February
Product Code: 070008-22
The composite confidence indicator (economic sentiment indicator) – in the basis index form – increased by 1.6 percentage points to 99.2, m-o-m, with both components increasing. Business confidence indicator increased by 1.9 percentage points to 100.7, the consumer confidence indicator increased by 0.3 percentage points to 91.7.
The month-on-month growth in economic sentiment among entrepreneurs was mainly due to an increase in confidence in selected service sectors, where the share of entrepreneurs expecting an increase in demand for services in the next three months increased significantly. Confidence also rose more markedly in construction, rising slightly in industry and declining in trade compared with January.
The slight increase in consumer confidence in February is mainly due to a decline in the number of households expecting a deterioration in the overall economic situation in the Czech Republic over the next twelve months.
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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@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: February 1 - 17, 2022
Consumer part: February 1 - 17, 2022
Next News Release: March 24, 2022
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