ČSÚ (ČSÚ)
Macroeconomics  |  May 24, 2023 09:08:40, updated

Czech Business cycle surveys - May 2023. The composite confidence indicator (economic sentiment indicator) – in the basis index form – decreased by 3.1 points to 94.1 m-o-m, with the same developments of its components.



The composite confidence indicator (economic sentiment indicator) – in the basis index form – decreased by 3.1 points to 94.1 m-o-m, with the same developments of its components. The business confidence indicator decreased by 2.8 percentage points to 95.2 and the consumer confidence indicator decreased by 4.4 points to 94.1.


Confidence in the economy among entrepreneurs decreased significantly in May in industry (-8.2 points) and to a lesser extent in trade (-2.3 points). It did not change in construction and in selected services it increased for the second time in a row (+2.3 points).

Consumer confidence in the economy decreased. Compared to April, households are significantly more worried about the deterioration of the overall economic situation and their own financial situation. They rate their current financial situation better compared to the previous twelve months. The share of respondents who believe that the current time is not suitable for making large purchases decreased slightly month-on-month.

***

More detailed information on the development of business and consumer confidence can be found in thesupplementaryinformation to the RI business surveys.

____________________

Notes:

Responsible manager:Juraj Lojka, Director of Business Statistics Coordination and Business Cycle Surveys Department, tel. +420731439291,e-mail: juraj.lojka@czso.cz
Contact person:Jiri Obst, Head of Business Cycle Surveys Unit, tel. +420604815440, e-mail: jiri.obst@czso.cz
Data source:CZSO business survey, Data Collect consumer survey (https://www.datacollect.cz)
Data collection date:Business part: May 18, 2023
Consumer part: May 15, 2023
Next News Release:June 26, 2023

This press release wasn´t edited for language.

Detailed time series of Balances and basic indices of confidence indicators:https://www.czso.cz/csu/czso/kpr_ts
Business and Consumers Surveys are co-financed by grant agreements of the European Commission DG ECFIN.
https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys_en
Link to European database:https://ec.europa.eu/eurostat/web/euro-indicators/business-and-consumer surveys

Attachments

  • akpr052423.docx

  • Annexes:
  •
    Additional information to NR Business cycle survey
  • Table 1 Confidence Indicators – basic indices
  • Chart 1 Confidence Indicators – base indices, seasonally adjusted (2003–2023)
  • Chart 2.1 Confidence Indicators for industry, construction, trade, and in selected services – base indices, seasonally adjusted (2003–2023)
  • Chart 2.2 Balances of seasonally adjusted confidence indicators for industry, construction, trade, and in selected services (2003–2023)
  • Chart 3 Economic Sentiment Indicators – international comparison, seasonally adjusted (2007–2023)
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Published: 24.05.2023
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz

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