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InstaForex Loprais Team - Official participant of the Dakar rally

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2014.04.2404:20:00UTC+00Czech April Consumer Confidence Strongest Since 2008

Czech consumer confidence strengthened to the highest level since April 2008, survey data from the Czech Statistical Office showed Thursday.

Consumer sentiment rose to seasonally adjusted -3.8 in April, the strongest since 2008, from -5.5 in March.

The survey taken among consumers indicates that consumers are for the next twelve months a less afraid of a decrease in the overall economic situation. At the same time, worries about their own financial standing as well as worries about increase in the unemployment almost unchanged compared to March.

Meanwhile, business confidence weakened slightly to 9.9 from 10.0 in March. The composite economic confidence index rose to 7.1 in April from 6.9 in March. The April score was the strongest since early 2011.

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