Czech Republic: Cautious Optimism with Gloomy Consumers

The economic sentiment indicator recorded by the Czech Statistical Office is on the rise. Comparing to the same period in last year the economic sentiment indicator is 11.4 points up.Unlike Slovak consumers, the Czech households fear unemployment and worse personal financial situation. Companies in the industry, construction, trade and service are all cautiously optimistic.This is good news for the investor as the Czech economy is very much export-driven and low domestic spending does not effect many companies.