Romania: Economic sentiment increases in July
Latest reading: Economic sentiment rose to 92.8 in July, following June’s 91.7. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In July, sentiment improved in the construction sector (-11.4 vs -11.8 in June), the retail sector (-2.1 vs -8.8 in June) and among consumers (-30.0 vs -34.5 in June). On the flipside, sentiment darkened in the services sector (-2.2 vs 0.0 in June). Sentiment in the industrial sector was unchanged from the prior month at -2.9.