Serbia: Economic sentiment increases in November
Latest reading: Economic sentiment increased to 94.0 in November, following October’s 93.3. Still, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In November, sentiment brightened in the industrial sector (-0.4 vs -1.5 in October) and among consumers (-2.2 vs -4.2 in October). On the flipside, sentiment worsened in the construction sector (-11.5 vs -8.2 in October), the services sector (-1.9 vs -0.7 in October) and the retail sector (+5.9 vs +7.8 in October).