FxNews—In October 2024, the consumer confidence index in the Czech Republic rose to 100.7, reaching its highest level since June. This was an increase from 97.9 the month before.
The graph below demonstrates the Czech Republic’s Consumer Confidence Index in 2024. (Chart from Trading View)
Fewer consumers now expect the country’s economic and financial conditions to worsen in the coming year. The perception of households regarding their current financial status compared to the last twelve months has largely stayed the same for four months. However, more consumers feel that now is not the right time for big purchases.
Czech Business Confidence Dips in October 2024
In October 2024, the Czech Republic’s business confidence dropped slightly to 96, down by 0.8 points from September’s three-month peak of 96.8.
Confidence decreased among retailers, falling to 91.8 from 96, and service providers, where it dropped to 96.3 from 98.1.
However, manufacturers saw a slight increase in confidence, rising to 94.8 from 94.4, and constructors also reported stronger sentiment, with their confidence rising to 109.7 from 108.5.
J.J Edwards is a finance expert with 15+ years in forex, hedge funds, trading systems, and market analysis.
