Economic sentiment up 0.3 points in April, still stagnating in long-term

The Index of Economic Sentiment (IES) in Slovakia increased by 0.3 points month-on-month in April 2014 to 96.5 points, the Slovak Statistics Office (ŠÚ) announced April 30.

The Index of Economic Sentiment (IES) in Slovakia increased by 0.3 points month-on-month in April 2014 to 96.5 points, the Slovak Statistics Office (ŠÚ) announced April 30.

The increase was due to increased levels of confidence in the categories of services, industry, trade and consumers. Meanwhile, confidence in the construction sector fell m-o-m. The IES was 3.9 points higher than in April 2013. Nonetheless, it was still 8 points below the long-term average.

Confidence in industry rose by 2.4 points m-o-m in April to 0.7 points, which is 1.3 points below the long-term average. The increase was due to positive prospects in industry for the next three months, the TASR newswire wrote. The confidence indicator in construction fell by 6 points m-o-m to minus 31 points due to more negative evaluations of current demand and employment prospects. It was also 3 points below the long-term average.

Confidence in trade increased by 2.4 points m-o-m in April, mainly due to positive evaluations of current business conditions and stock levels. Trust in the service sector increased by 7.4 points m-o-m to 11.7 points, mainly due to positive evaluations of current and expected demand, while the current business situation was evaluated in negative terms.

The consumer atmosphere in April improved because of more optimistic prospects for future developments in the country’s economy and unemployment. The consumer confidence index was up 1.1 points m-o-m in April to minus 13.5 points. Compared to the same month in 2013, it increased by 16.5 points.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Bratislava for Everyone

Open houses, free events mark start of tourist season

WARM weather invites people to spend more time outdoors and tourism season ceremonially opens with  Bratislava for Everyone, or Open Days of Bratislava, events taking place April 24-26.

Váhostav-SK is heavily involved in highway construction in Slovakia.

Bailout for Váhostav-SK creditors sails through parliament

AMID a race to pass legislation that would come into effect before construction firm Váhostav-SK meets with creditors April 30, Prime Minister Robert Fico's government passed an overhaul to insolvency laws coupled…

Abada Capoeira to perform with Elledanse dancers

Countrywide events

Tips for events in Slovakia between April 24 and May 3, including  dance event, two coffee fests, jazz award gala, May Day celebration, teamsters' race and more.

Prime Minister Robert Fico

Poll: Smer's popularity falling

IF a general election had been held in mid April, the governing Smer party would still win with 34.7 percent of the vote, but this is down slightly from the month before according to the latest opinion poll carried…