Serbia: Economic sentiment picks up in August
Economic sentiment came in at 105.0 in August, up from July’s 103.4. 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, construction and retail sectors. Moreover, consumer confidence improved in August. That said, confidence in the services sector weakened in the surveyed month.
Regarding indicators that are not used to calculate the index, employment expectations were unchanged, while the economic uncertainty index fell in August.