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Estonia Economic Sentiment May 2024

Estonia: Economic sentiment rises in May

Economic sentiment ticked up to 81.6 in May from April’s 81.4. Consequently, 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 stronger sentiment among consumers and in the industrial and construction sectors. That said, sentiment in the services and retail sectors softened in May.

Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in May.

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