Business cycle surveys - November 2023
Consumer confidence has decreased m-o-m, while entrepreneurs are slightly more optimistic in comparison
Product Code: 070008-23
In November, confidence in the economy increased in the construction sector (+6.6 points), in selected services (+1.3 points), and slightly in retail (+0.2 points). However, in the industrial sector, confidence slightly decreased compared to October (-0.3 points).
Consumer confidence in the economy decreased compared to October. The number of respondents expecting a worsening of the overall economic situation in the Czech Republic over the next twelve months remained almost unchanged m-o-m. The number of households evaluating their current financial situation worse than the previous twelve months increased, as did the number of respondents expecting its deterioration in the next twelve months. The proportion of consumers who believe that the current time is not suitable for making major purchases slightly increased compared to October.
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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.
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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: November 20, 2023
Consumer part: November 16, 2023
Next News Release: December 27, 2023
This press release wasn´t edited for language.
Detailed time series of Balances and basic
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