Serbia: Economic sentiment increases in December
Latest reading: Economic sentiment came in at 106.5 in December, up from November’s 102.5. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the construction and services sectors. Meanwhile, sentiment in the industrial sector was unchanged. Lastly, confidence in the retail sector and among consumers deteriorated in December.
Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in December.