Estonia: Economic sentiment rises to over two-year high in November
Latest reading: Economic sentiment rose to 87.6 in November from October’s 84.9. The result marked the strongest sentiment since August 2022. That said, the index remained entrenched below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial and construction sectors. Moreover, confidence in the services sector and among consumers strengthened in November. However, sentiment in the retail sector cooled in the surveyed month.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in November.