Czech Republic: Economic sentiment sinks further below its long-term average in September
Economic sentiment fell to 86.6 in September from August’s 91.1. Consequently, the index fell 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 both the industrial and construction sectors. Confidence also cooled in the services sector, whereas sentiment in the retail sector improved. Lastly, consumer confidence dipped during the month.
Considering indicators that are not used to calculate the index, employment expectations were healthier in September, while the economic uncertainty index increased.