The Czech Republic’s consumer confidence weakened for a third month in a row to its lowest level in four months amid stricter restrictions to battle a resurgence in the coronavirus pandemic, survey data from the statistical office showed Wednesday.

The consumer confidence indicator dropped to 84.0 from 85.0 in February. The latest reading was the weakest since November, when it was at 83.4.

Expectations of a deterioration in the overall economic situation for the next twelve months increased for the third time in a row. Fears over rising unemployment also climbed.

Concerns over a weakening of the personal financial situation, rising prices, and saving intentions in the twelve months were unchanged.

The industrial confidence index eased to 95.4 in March from 97.1 in February.

Optimism continued to improve in the construction sector, while morale weakened further in trade and services.

The overall economic sentiment index fell to a four-month low of 87.0 from 89.7 in the previous month.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.