Czech Republic: Economic sentiment hits over two-year high in September
Latest reading: Economic sentiment rose to 97.6 in September, up notably from August’s 92.5. September’s result marked the strongest sentiment since May 2022. That said, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial and construction sectors plus stronger confidence in the services sector. Meanwhile, sentiment in the retail sector deteriorated in the surveyed month. Lastly, consumer confidence remained unchanged in September.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index improved in September.