Serbia: Economic sentiment decreases in June
Latest reading: Economic sentiment came in at 87.7 in June, down from May’s 90.4. June’s result marked the weakest sentiment since August 2020. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial, construction, services and retail sectors. That said, consumer confidence rose in June.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in June.