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Czech Republic Economic Sentiment August 2021

Czech Republic: Economic sentiment dips in August

The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 98.6 in August from 99.7 in July, marking the worst print since April.

The business confidence index dropped in August, coming in at 97.1, from July’s 99.3 reading. The deterioration came on the back of worsening sentiment in the trade, selected services and industry sectors, while confidence in the construction sector improved.

Meanwhile, consumer confidence rose in August, with the index jumping to 106.0 from 101.9 in July. The increase mainly reflected consumers’ easing concerns regarding unemployment and the overall economic situation for the next twelve months.

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