Serbia: Economic sentiment increases in August
Latest reading: Economic sentiment jumped to 93.4 in August from July’s 88.0. August’s result marked the best reading since March. That said, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and services sectors. Moreover, consumer confidence rose in August. Nonetheless, sentiment in the construction and retail sectors weakened.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in August.