Estonia: Economic sentiment improves in January
Economic sentiment rose to 82.8 in January from December’s 80.6. However, the index remained entrenched below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker consumer confidence and softer sentiment in the retail sector. Meanwhile, January saw healthier sentiment in the industrial, construction and services sectors.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in January.