Overall confidence in economy up in March

Overall confidence in the Czech economy grew in March, according to the Czech Statistics Office. Compared to the previous month, the confidence indicator rose by 1.4 points to 6.9 points in March. Entrepreneurs’ confidence in the economy increased by 0.9 points to 10 points while consumers’ confidence index grew from -9 points in February to -5.5 points recorded this month. A survey among consumers also found they are less concerned about possible economic slowdown and their own financial situation; they also showed less concern about rising unemployment.