Romania: Economic sentiment decreases in May
Economic sentiment fell to 102.6 in May from April’s 104.8. 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 a broad-based deterioration, with consumer confidence, as well as sentiment in the industrial, construction, services and retail sectors deteriorating in the surveyed month.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in May.