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Czech Republic Economic Sentiment June 2024

Czech Republic: Economic sentiment hits over two-year high in June

Economic sentiment rose to 96.5 in June from May’s 94.6. June’s result marked the strongest sentiment since May 2022. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.

The headline print reflected improved sentiment in the industrial sector. Moreover, confidence in the services sector strengthened in June. Consumer sentiment was up in June. Less positively, sentiment in the construction sector weakened and sentiment in the retail sector waned in the surveyed month.

Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in June.

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