The Economic Sentiment Indicator increased to 95.3 points at the end of November, from 94.8 a month earlier, the Commission said in its latest business and consumer survey.

Confidence in the Romanian retail sector rose 4.7 points to 6.5 in November, while confidence in the services segment improved to minus 1.5 points, from 0.3 points at the end of October.

Consumer confidence increased 1.3 points on the month to minus 34.9, but confidence in industry and construction declined by 0.6 and 0.2 points, respectively.

In the EU, the economic sentiment indicator increased for the seventh straight month to 102.1 points in November, from 101.7 points in October.

Business sentiment in the euro area rose 0.8 points to 98.5, its highest level since August 2011.