Czech Republic: Economic sentiment drops in July
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 99.7 in July from 104.0 in June, which had marked the best print since February 2019.
The business confidence index dropped in July, coming in at 99.3, from June’s 103.7 reading. The deterioration came on the back of worsening sentiment in the construction and industry sectors, while confidence in the trade and selected services sectors remained unchanged.
Meanwhile, consumer confidence declined in July, with the index falling to 101.9 from 105.5 in June. The decrease mainly reflected consumers’ mounting concerns regarding the overall economic situation for the next twelve months, unemployment and inflation.