Czech Republic: Economic sentiment drops in September
September 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 96.2 in September from 98.6 in August, marking the worst print since April.
The business confidence index dropped in September, coming in at 95.3, from August’s 97.1 reading. The deterioration came on the back of worsening sentiment in the industry and construction sectors, while confidence in the trade and selected services sectors improved.
Meanwhile, consumer confidence soured in September, with the index plunging to 100.7 from 106.0 in August. The decrease mainly reflected consumers’ worsening concerns regarding inflation and the overall economic situation for the next twelve months.