Czech Republic: Economic sentiment decreases in January
Economic sentiment fell to 91.1 in January from December’s 91.3. 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 weakened sentiment in the industrial, services and retail sectors. Meanwhile, sentiment improved in the construction sector. Lastly, consumer confidence increased in January.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index rose in January.