Czech Republic: Economic sentiment decreases in November
Economic sentiment fell to 87.9 in November from October’s 90.4. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected languished sentiment in the industrial sector and improved sentiment in the construction sector. Moreover, confidence in the services sector deteriorated in November, while sentiment in the retail sector was up in the surveyed month. Finally, consumer confidence waned in November.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index increased in November.