Serbia: Economic sentiment hits highest reading since December 2021 in June
Economic sentiment jumped to 106.5 in June from May’s 101.4. June’s result marked the best performance since December 2021. 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 improved sentiment in the industrial, services and retail sectors. Moreover, consumer confidence rose in June. However, sentiment in the construction sector weakened.
Relating to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index increased in June.