Romania: Economic sentiment improves in March
Latest reading: Economic sentiment rose to 103.0 in March from February’s 101.7. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial and construction sectors. Moreover, confidence in the retail and services sectors strengthened. Meanwhile, consumer confidence waned in March.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in March.