Confidence in the Czech economy fell to its lowest level in almost three years this May, the national statistical office said on Friday.
Compared to April, confidence dropped by 1.4 points to 95.7. The last time confidence was lower was in July 2016. Year-on-year, confidence in the economy has decreased between entrepreneurs and consumers alike.
Analysts says the drop mainly stems from concerns about external developments, especially the resumption of trade wars between the US and China.
Jana Ciglerová: Americans say their lives are fantastic, Czechs say everything is terrible – neither is true
“There is good, better and then there is the USSR.” – New book depicts life in communist Czechoslovakia through memories of people who experienced it
CzechTourism head hints attracting tourists no longer agency’s main goal
Minister: Czech Republic won’t take in 40 child refugees from Greek camps
Screenshot: a hybrid English-friendly Prague art-house cinema where screenings are events