Czech Republic: Economic sentiment improves in November
Latest reading: Economic sentiment rose to 95.2 in November from October’s 93.8. 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 healthier sentiment in the construction sector and improved confidence in the services sector in November. Conversely, sentiment in the industrial sector deteriorated and sentiment in the retail sector weakened in the surveyed month. Lastly, consumer confidence cooled in November.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in November.