Estonia: Economic sentiment falls to 10-month low in February
Economic sentiment fell to 81.7 in February from January’s 82.8. 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 declining sentiment in the industrial sector and dampened sentiment in the construction sector. In the meantime, confidence in the services sector strengthened in February, while sentiment in the retail sector cooled in the surveyed month. Lastly, consumer confidence deteriorated in February.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in February.