Industrial production rose increased by 3.2 percent year-on-year in January, according to the Czech Statistics Office. Even more positively, the volume of new investment orders has increased by 14.9 percent year on year. The production revenues have increased by 7.7 percent year on year. This has probably led to the increase of businesses confidence in the y-o-y. for the Czech economy over the next twelve months, albeit far more moderately: the Czech statistical office says it went up by 0.1 percent in March, compared to February. Consumer confidence, on the other hand, has dropped slightly. Still analysts do not expect the crisis will return. “The condition of Czech companies was much better than expected at the end of last year,” Petr Smutný of PwC told the news server Aktualne.cz. “The negotiations among European politicians indicate that a solution to the fiscal crisis of the Eurozone can be found. This is vital for the export oriented Czech industry.”
