Romania: Economic sentiment declines in December
Latest reading: Economic sentiment fell to 102.6 in December from November’s 105.2. December’s result marked the weakest sentiment since July. As a result, the index fell closer to the long-term average of 100, pointing to a less positive near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial sector and among consumers. Additionally, confidence in the services and retail trade sectors cooled in December. Finally, sentiment in the construction sector remained unchanged.
Considering indicators that are not used to calculate the index, employment expectations were unchanged, while the economic uncertainty index increased in December.