A town in Estonia

Estonia Economic Sentiment October 2023

Estonia: Economic sentiment falls in October

Economic sentiment came in at 77.9 in October, down from September’s 79.4. October’s result marked the weakest sentiment since June 2020. As a result, the index remained below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.

The headline print reflected cooling confidence in the services sector in October, as well as weakening sentiment in the retail sector in the surveyed month. Moreover, consumer confidence softened in October. More positively, sentiment in the industrial and construction sectors improved from the previous month.

Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index rose in October.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest