Czech Republic: Economic sentiment wanes in July
Economic sentiment fell to 93.6 in July from June’s 96.5. As a result, 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 weaker sentiment in the industrial sector, and more downbeat consumer sentiment. Moreover, confidence in the services sector cooled in July. More positively, confidence in the retail sector was up and sentiment in the construction improved in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in July.