Romania: Economic sentiment falls to over two-year low in May
Latest reading: Economic sentiment came in at 99.4 in May, down from April’s 100.6, marking the worst performance since April 2023. As a result, the index dipped below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial, construction and retail sectors. Moreover, confidence in the services sector weakened. On the flip side, consumer sentiment improved in May.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in May.