Economic confidence eases slightly in August

24-08-2010

Confidence in the Czech economy slipped slightly in August compared with July according to figures released by the Czech Statistical Office on Tuesday. The overall confidence indicator fell 0.8 points over the month. Consumer confidence fell by 4.5 points over the month, outweighing a slight rise in business sentiment. The industry and trade sectors were the most optimistic with construction still in the dumps. The level of the composite confidence index is 16.3 points higher than a year earlier. Confidence has generally been rising since the end of 2009 following the steep drop during the economic crisis.