Czech Republic: Economic sentiment picks up in August
Latest reading: Economic sentiment jumped to 102.5 in August from July’s 97.2, marking the strongest reading since June 2021. Consequently, the index moved above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected healthier confidence in the services and construction sectors. Moreover, sentiment in the industrial sector improved. In contrast, sentiment among consumers worsened, and confidence in the retail trade sector deteriorated.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index improved in August.