Serbia: Economic sentiment hits an over two-year high in March
Economic sentiment rose to 106.5 in March from February’s 104.4. March’s result marked the best performance since December 2021. 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 rebounding confidence in the construction sector and among consumers. Moreover, confidence in the services sector strengthened in March. That said, confidence in the industrial and retail sectors deteriorated.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in March.