Serbia: Economic sentiment falls in October
Latest reading: Economic sentiment fell to 103.9 in October from September’s 107.9. That said, 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, construction and services sectors. Moreover, consumer confidence weakened in October. However, sentiment in the retail sector was up in the surveyed month.
Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index improved in October.