Czech economic confidence rose in August

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Overall confidence in the Czech economy rose by 0.4 points to 99.1 in August, following a decline in the previous month.

According to official figures, the construction sector is doing well thanks to a very high demand.

In month-to-month terms, while the confidence indicator of entrepreneurs increased, the consumer confidence indicator decreased by 1.5 points to 110.3.

Apart from raising prices, consumers fear a worsening of an overall economic situation. But people want to save less, and they are also not afraid of losing their jobs

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