Czech Republic: Economic sentiment rises in December
Latest reading: Economic sentiment rose to 96.4 in December from November’s 95.2. 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 weaker sentiment in the industrial sector and dampened sentiment in the construction sector. Meanwhile, confidence in the services and retail sectors was healthier in December. Lastly, consumer sentiment improved in December.
Relating to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in December.