Serbia: Economic sentiment decreases in May
Economic sentiment fell to 101.2 in May from April’s 104.1. May’s result marked the weakest sentiment since October 2023. 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 deteriorating sentiment in the industrial, services and retail sectors. That said, sentiment in the construction sector strengthened. Finally, consumer confidence improved in May.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in May.