Confidence in the Czech economy falls slightly in August

25-08-2009

Confidence in the Czech economy fell slightly in August, the Czech Statistical Office said on Tuesday. Overall confidence was down by 0.8 points on July’s figures, statisticians said. Consumer confidence, however, was up by 0.7 points. The fall was attributed mainly to a drop in business confidence of 1.2 points. In comparison with the same time last year, overall confidence is down by a massive 22.8 points. According to the Statistical Office, the majority of those polled said they expected a slight economic upturn in the coming twelve months, but the number of respondents expecting a rise in unemployment also rose in August’s poll.