Czech economic confidence edges up in May

25-05-2009

Confidence in the outlook for the Czech economy rose in May. The latest results make it three months in a row that the economic confidence indicator has climbed. May’s increase was a meagre 0.2 percentage point according to the Czech Statistical Office. Higher confidence was fuelled rising consumer confidence with the business sector still in the dumps. The indicator now stands at 79.2, still not that far from this year’s low of 73.8 points posted in February.