Czech Republic: Economic sentiment improves in October
Economic sentiment came in at 90.3 in October, up from September’s 86.8. As a result, 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 sector and improved sentiment in the construction sector. In the meantime, confidence in the services sector deteriorated in October, while sentiment in the retail sector softened in the surveyed month. Lastly, consumer confidence improved in October.
Relating to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in October.