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Estonia Economic Sentiment December 2023

Estonia: Economic sentiment decreases in December

Economic sentiment came in at 78.5 in December, down from November’s 78.9. As a result, the index remained entrenched below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.

The headline print reflected confidence in the services sector waning in December, and sentiment in the retail sector deteriorated in the surveyed month. More positively, consumer confidence increased in December. The industrial and construction sectors also saw healthier sentiment.

Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in December.

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