Czech Republic: Economic sentiment falls to lowest level since October 2015 in June
June 24, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), declined to 95.2 in June from 95.7 in May. June’s result marked an over four-year low. As a result, the indicator moved further below the 100-point mark that separates optimism from pessimism in the Czech economy.
Dwindling confidence among businesses drove June’s fall. The business confidence index dipped from 93.8 in May to 93.1 in June, the lowest reading since June 2016. The print reflected weaker sentiment in the industrial, services and trade sectors.
Meanwhile, consumer confidence was unchanged, with the index stable at May’s 105.1 in June. Consumer confidence remains well above the historical average.