Business cycle surveys - September 2023
Overall confidence in the economy decreased
Product Code: 070008-23
The September decrease in economic sentiment among entrepreneurs is mainly due to a significant drop in confidence in the industry sector (-7.6 points). Confidence also fell in selected services (-2.2 points) and in trade (-1.2 points), slightly increased only in construction (+0.6 points).
Consumer confidence in the economy decreased m-o-m. The number of respondents expecting a deterioration of the overall economic situation in the Czech Republic in the next twelve months increased significantly in September. The number of households rating their current financial situation worse compared to the previous twelve months has hardly changed compared to August. The share of respondents who believe that the current time is not suitable for making large also remained approximately the same.
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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: September 18, 2023
Consumer part: September 15, 2023
Next News Release: October 24, 2023
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