Serbia: Economic sentiment eases in February
Economic sentiment fell to 104.1 in February from January’s 104.5. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected weaker sentiment in the construction and services sectors. Moreover, consumer confidence softened in February. That said, sentiment in the industrial and retail sectors rose in the surveyed month.
Relating to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in February.