Estonia: Economic sentiment improves in December
Latest reading: Economic sentiment rose to 93.4 in December, following November’s 92.9. December’s reading was the highest since June 2022. Still, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In December, sentiment brightened in the industrial sector (-8.4 vs -9.0 in November), the construction sector (-2.9 vs -5.6 in November), the retail sector (-6.6 vs -9.9 in November) and among consumers (-26.6 vs -28.0 in November). In contrast, sentiment darkened in the services sector (+4.9 vs +5.0 in November).