Business confidence down 4 points

(CIANEWS) - The aggregate confidence indicator decreased by 4.0 points month-on-month to 90.1 in September 2022. Business confidence also fell by 4.0 points to 93.6. Consumer sentiment fell 4.4 points to 72.7, the lowest since the survey began. Jiří Obst, head of the department of economic surveys of the Czech Statistical Office, said that the uncertainty of economic development continues to affect the confidence of entrepreneurs. In industry, the share of enterprises that expect a reduction in their production activity in the next three months prevailed. Companies in construction and services also expect a drop in demand.



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