Sentiment figures improve in Q2

Yesterday, we received the final Economic Sentiment Indicator (ESI) data for Q2 2024. Therefore, we have compiled a summary of the ESI's trajectory over the past four quarters to observe its developments, in light of the expected improved economic performance this year. An upward trend is evident across CEE, except for Croatia and Serbia, which experienced a marginal dip in Q2. On the other hand, Czechia witnessed the most rapid increase, with its ESI escalating from 91.4 in Q1 to 94.6 in Q2. Despite this, Czechia's figures remain the lowest in the region and fall short of the EU average. Both Hungary and Romania saw their average sentiment in Q2 ascend by 1.8 and 1.3 points, respectively. Slovak sentiment remained static in Q2, avoiding a decline due to a surge in June to 103.6 from 95.6 in May. Other countries also improved or kept their sentiment strongly in June, all figures now being above the EU average.