Romania: Economic sentiment hits highest reading since January 2020 in April
Economic sentiment came in at 105.1 in April, up from March’s 104.0. April’s result marked the strongest sentiment since January 2020. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial and construction sectors. Likewise, confidence in the services and retail sectors strengthened in April. Finally, consumer confidence remained stable in April.
Referring to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in April.