Confidence in the Romanian economy continues to decline in December

Confidence in the Romanian economy declined again in December due to a new drop in consumer morale, as well as among managers in services and construction.

The Economic Sentiment Indicator (or ESI) recorded 93.1 points in December, compared to 94.2 points in November, reaching the lowest level since December 2020. The ESI is calculated by the European Commission based on the responses of managers from the main sectors of the economy, as well as consumers, and has a high degree of correlation with gross domestic product developments.