Serbia: Economic sentiment falls to six-month low in November
Latest reading: Economic sentiment fell to 102.4 in November from October’s 103.7. November’s result marked the worst performance since May. However, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial and services sectors. Moreover, consumer confidence softened in November. That said, sentiment in the construction and retail sectors improved.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in November.