The economy of the Czech Republic
Trust in the Czech economy is growing for the third month in a row. With the reopening of activities and the relaxation of restrictions, the Czech Statistical Institute has also measured an increase in trust. Both companies’ and consumers’ trust in the economy grew overall by 4.3 points compared to June of the last year.
Growth of trust: data
The Czech economy has been more credible for both businesses and consumers. In particular, business trust has increased by 4.6 points, with a specific growth in trade and services, while consumer trust has increased by 2.7 points. The industrial confidence indicator was even the highest since February 2011.
The economy of the Czech Republic: sectors
The various sectors of the economy have all experienced an increase of trust, but with clearly different values:
- + 4,6 points in the industrial sector
- + 0,6 in the construction sector
- + 5,4 in the commercial sector
- + 4.9 in the service sector
Consumer trust was up by 2.7 points. At the same time, the fear of unemployment is decreasing, but the one of rising prices is growing.
Source: CZSO
