Estonia: Economic sentiment rises in November
Latest reading: Economic sentiment increased to 92.7 in November, following October’s 91.8. November’s reading was the highest since June 2022. The index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In November, sentiment improved in the construction sector (-6.3 vs -7.2 in October), the services sector (+4.9 vs +1.8 in October), the retail sector (-10.6 vs -11.4 in October) and among consumers (-28.2 vs -30.4 in October). On the flipside, sentiment worsened in the industrial sector (-9.2 vs -9.1 in October).