Czech Republic: Economic sentiment jumps to over three-year high in May
Latest reading: Economic sentiment came in at 102.0 in May, up notably from April’s 96.6 marking the strongest sentiment since February 2022. As a result, the index stepped above the long-term average of 100 for the second time in three months, pointing to a positive near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial sector and among consumers. Moreover, confidence in the services sector was stronger. That said, sentiment in the construction sector weakened and confidence in the retail sector cooled.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index rose in May.