Business cycle surveys - February 2025

Business confidence in the economy increased in trade (+3.7 points), construction (+3.0 points) and slightly in industry (+0.3 points). In selected service sectors, confidence was unchanged m-o-m and remained at the January value of 100.5.

Consumer confidence fell slightly m-o-m. The confidence indicator fell by 0.5 points to 96.6 in February. The share of consumers expecting the overall economic situation in the Czech Republic to deteriorate over the next twelve months increased for the third consecutive month. The share of households expecting their financial situation to deteriorate over the next twelve months was unchanged from January. The number of households assessing their current financial situation as worse than in the previous twelve months fell slightly m-om. The proportion of consumers who believe that the current period is not conducive to making large purchases remained almost unchanged.

***

More detailed information on the development of business and consumer confidence can be found in the supplementary information to the RI business surveys.

***

In January 2025, we change the base to calculate the basis index in a news release by the Czech Statistical Office. For 2025, we calculate the long-term average from January 2003 to December 2024. The long-term average is changed one a year in news release publication data in January.