Estonia: Economic sentiment falls in April
Economic sentiment fell to 81.6 in April from March’s 83.4. As a result, 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 languished sentiment in the industrial and construction sectors. Additionally, confidence in the services sector cooled in April. Meanwhile, sentiment in the retail sector and consumer confidence increased in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in April.