The Economic Sentiment Indicator dropped 2.6 points in October, to 94.8, from 97.4 in September.

The second biggest slump in economic sentiment in October was posted by Lithuania, which declined 2.4 points, followed by Bulgaria and Spain, each down 2.2 points.

Confidence in the Romanian services sector and industry worsened in October, while constructions and retail saw an increase in sentiment compared to September.

In September, Romania had the biggest boost in economic sentiment since February, amid improved confidence in services, industry and consumer areas, sectors which brought down the indicator this month.

In the eurozone, economic sentiment was up 0.9 points, while in the EU it was up 1.1 points. Of the 28 EU member states, ten posted drops in economic sentiment, 16 posted rises, while the indicator remained flat for Latvia and Ireland did not report its data.