The composite Czech confidence index edged slightly higher in February, the third consecutive monthly rise, but remained well off historic highs, data from the Czech Statistics Office, or CSU, showed Friday.
In its monthly survey, the CSU said its overall composite confidence index stood at 87.9 in February from 87.2 in January and 85 in December.
The index was at 94.2 in February 2011.
"The composite confidence indicator increased mainly due to increase in the entrepreneurs' confidence," the CSU said.
Overall business confidence was at 90.3 in February from 89.4 the previous month. It was 95.0 in February last year.
In the industrial sector alone, which is the backbone of the export-driven Czech economy, confidence rose slightly to 94.7 in February from 94.3 a month earlier, but was still well down from its level of 104.5 in February 2011.
The only monthly decrease came in consumer confidence, which edged down to 76.2 in February from 76.4 in the preceding month. Consumer confidence in February 2011 stood at 90.5.
The composite confidence index is a weighted average of seasonally adjusted confidence indicators for industry, construction, trade, services and consumers.
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