Romania: Economic sentiment rises in June
Economic sentiment rose to 104.2 in June from May’s 102.5. 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 stronger sentiment in the retail and services sector. Moreover, consumer confidence rose in June. That said, sentiment in the industrial and construction sectors weakened.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in June.