Romania: Economic sentiment hits highest reading since March in October
Economic sentiment came in at 101.4 in October, up from September’s 100.4. October’s result marked the strongest sentiment since March. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and construction sectors. Additionally, confidence in the services sector was healthier in October, whereas sentiment in the retail sector rose in the surveyed month. Finally, consumer confidence was stable in October.
Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in October.