Czech economic confidence slips in July

Czech economic confidence fell for the first time this year in July according to the Czech Statistics Office. The overall composite confidence index slipped over the month by 0.7 points to stand at 7.6.points. Although consumer confidence continued to firm, companies have become more worried about the economic situation and outlook, the office said. Confidence in the hard hit construction sector climbed but industrial companies were among those which have switched to a more pessimistic and cautious outlook. The composite index stood at 5.5 points in January.