Czech Republic: Economic sentiment picks up in March
Latest reading: Economic sentiment rose to 101.5 in March from February’s 98.7, marking the best reading since February 2022. Consequently, the index moved above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and construction sectors. Moreover, confidence in the services and retail sectors was healthier. Meanwhile, consumer confidence waned in March.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index improved in March.