Serbia: Economic sentiment decreases in October
Economic sentiment fell to 95.7 in October from September’s 95.9. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The downtick was driven by weaker sentiment in the construction sector and a deterioration in consumer confidence. On the flip side, sentiment in the industrial, services and retail sectors strengthened in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index increased in October.