Serbia: Economic sentiment records worst reading since July 2023 in March
Latest reading: Economic sentiment came in at 94.6 in March, down from February’s 96.4. March’s result marked the weakest sentiment since July 2023. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the industrial, services and retail sectors. That said, sentiment in the construction sector and among consumers improved in March.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in March.