Serbia: Economic sentiment increases in September
Economic sentiment came in at 95.9 in September, up from August’s 94.4. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and construction sector. That said, confidence in the services sector deteriorated in September, while sentiment in the retail sector softened in the surveyed month. Finally, consumer confidence was up in September.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in September.