Czech Republic: Economic sentiment decreases in January
Latest reading: Economic sentiment fell to 95.9 in January from December’s 96.3. 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 weaker sentiment in the construction sector and deteriorating confidence in the services sector. Meanwhile, confidence in the retail sector improved, and sentiment in the industrial sector and among consumers strengthened.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index rose in January.