Serbia: Economic sentiment records worst reading since August 2020 in July
Latest reading: Economic sentiment fell to 87.6 in July from June’s 87.7. July’s result marked the worst performance since August 2020. As a result, the index remained entrenched below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.
The headline print reflected dampened sentiment in the construction sector and among consumers. That said, sentiment in the industrial, services and retail sectors improved.
Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index increased in July.