Serbia: Economic sentiment eases in May
Latest reading: Economic sentiment came in at 90.4 in May, down from April’s 92.6. May’s result marked the worst performance since October 2022. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the industrial and services sectors. Moreover, consumer confidence weakened in May. That said, sentiment in the construction and retail sectors improved.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in May.