The Czech Statistical Office reported that confidence in the Czech economy rose slightly to 95.6 in August from 95.1 in July. Among entrepreneurs, who were pessimistic in five years in July, confidence has grown by 0.8 points to 93.6 points. Consumer confidence, however, has decreased to 105.1 points from 106.4 in July. Compared to last August, consumer and business confidence is lower.
Overall confidence in the Czech economy rose slightly to 95.6 in August from 95.1 in July, according to the Czech Statistical Office.
Among Entrepreneurs, confidence increased by 0.8 points to 93.6 points, the lowest level in five years in July.
Consumer confidence fell to 105.1 points in August from 106.4 the previous month.
In annual terms, both consumer and business confidence is down from August 2018
Economic confidence is trending downward, which indicates a slowdown in the domestic economy, according to economists.