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Sentiment up in AprilBusiness in short
5 May 2014 Compiled by Spectator staff Business
THE ECONOMIC sentiment indicator stood at 96.5 points in April, up by 0.3 points compared to the previous month. The indicator was affected by increased confidence in services, industry and trade, and among consumers. Confidence, however, dropped in construction, the Statistics Office (ŠÚ) informed on April 30.
The economic indicator is 3.9 points higher than last year, but lags behind its long-term average by 8 points.
The confidence indicator in industry rose by 2.4 points compared to March, to 0.7 points. It was affected by positive expectations of a rise in production in the following three months. The indicator in construction dropped by 6 points to -31 in April as a result of a negative evaluation of current demand and expected employment, according to the ŠÚ.
With trade, the confidence indicator rose by 2.4 percentage points compared to March, to 4.7 points, mostly due to positive evaluations of the business situation and the state of reserves.
The indicator in services grew by 7.4 percentage points month-on-month to 11.7 points. It was affected mostly by a positive evaluation of current and expected demand, while the respondents evaluated the business situation negatively, according to ŠÚ data.
Consumer confidence improved in April, mostly thanks to a more optimistic evaluation of future development of the economy and the unemployment rate. The indicator rose by 1.1 points month-on-month to -13.5 points.
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