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Czech Republic Economic Sentiment March 2024

Czech Republic: Economic sentiment hits one year high in March

Economic sentiment rose to 93.6 in March from February’s 89.7. March’s result marked the strongest sentiment since March 2023. 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 stronger sentiment in the industrial, services and retail sectors. Moreover, consumer confidence was up in March. However, sentiment in the construction sector cooled.

Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index improved in March.

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