Czech Republic: Economic sentiment decreases in April
Latest reading: Economic sentiment fell to 96.4 in April from March’s 101.2. Consequently, the index dipped below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial sector and among consumers. Moreover, confidence in the services and retail sectors waned. That said, sentiment in the construction sector improved.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in April.