Czech Republic: Economic sentiment falls in February
Economic sentiment fell to 89.6 in February from January’s 91.0. 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 declining sentiment in the industrial sector and weaker sentiment in the construction sector. Additionally, confidence in the services sector cooled in February, while sentiment in the retail sector deteriorated in the surveyed month. Finally, consumer confidence rose in February.
Referring to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in February.