Overall confidence in Czech economy rose in August

Overall confidence in the economy rose by 0.4 points to 99.1 in August, following a decline in trust the previous month, the Czech Statistical Office said on Friday.

Year-on-year, the composite confidence indicator, or Economic Sentiment Indicator, was also higher.

In month-on-month terms, however, while the confidence indicator of entrepreneurs increased by 0.8 points to 96.9 the consumer confidence indicator decreased by 1.5 points to 110.3.

Author: Brian Kenety