Serbia: Economic sentiment declines in February
Latest reading: Economic sentiment dropped to 94.9 in February, following January’s 96.8. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In February, sentiment worsened in the services sector (-0.7 vs +4.8 in January), the retail sector (+2.7 vs +9.9 in January) and among consumers (-2.5 vs +2.4 in January). In contrast, sentiment improved in the industrial sector (-0.5 vs -3.6 in January) and the construction sector (-3.9 vs -7.2 in January).