Czech Republic: Economic sentiment decreases in August
Economic sentiment fell to 92.4 in August from July’s 93.6. August’s result marked the weakest print since February. Consequently, the index moved further below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the construction sector. Additionally, confidence in the services sector waned. More positively, sentiment in the industrial sector and among consumers strengthened, and confidence in the retail sector rose in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in August.