Romania: Economic sentiment deteriorates in July
Economic sentiment fell to 102.5 in July from June’s 104.2. 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 declining sentiment in the industrial and services sector. Moreover, consumer confidence weakened in July. That said, sentiment in the construction and retail sectors rose in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in July.