Romania: Economic sentiment rises to a near five-year high in October
Latest reading: Economic sentiment rose to 105.9 in October from September’s 103.9, marking the strongest result since December 2019. 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 improved confidence in the services and retail sectors, as well as rebounding confidence in the industrial sector. That said, sentiment worsened in the construction sector and among consumers.
Considering indicators that are not used to calculate the index, employment expectations were unchanged, while the economic uncertainty index rose.