Czech Republic: Economic sentiment falls in June
Latest reading: Economic sentiment came in at 99.2 in June, down from May’s 102.2. As a result, the index dipped 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 weaker confidence in the retail plus services sectors. Moreover, sentiment among consumers remained in negative territory. That said, sentiment in the construction sector improved.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in June.