Economic sentiment in Slovakia reaches two-year high

The Economic Sentiment Indicator in Slovakia increased by 2.3 points month-on-month to 101.3 in May, surpassing the long-term average for the first time in 24 months, the central bank (NBS) reported on May 28. The result stemmed from the rising trust in services and retail, and among consumers. The mood of consumers improved in all segments. Consumers were somewhat pessimistic only when asked about their expectations vis-a-vis overall economic prospects, the TASR newswire quoted the NBS report. Meanwhile, the sentiment was slightly worse in industry and construction. In industry, the negative mood was driven by the expected drop in industrial production, while the indicator of trust in construction fell slightly due to negative prospects of employment. Construction output is widely expected to go up, too. The central bank expects that the growth of employment as recorded in recent months in Slovakia’s economy as a whole will somewhat decelerate in the next few months.

The Economic Sentiment Indicator in Slovakia increased by 2.3 points month-on-month to 101.3 in May, surpassing the long-term average for the first time in 24 months, the central bank (NBS) reported on May 28.

The result stemmed from the rising trust in services and retail, and among consumers. The mood of consumers improved in all segments. Consumers were somewhat pessimistic only when asked about their expectations vis-a-vis overall economic prospects, the TASR newswire quoted the NBS report.

Meanwhile, the sentiment was slightly worse in industry and construction. In industry, the negative mood was driven by the expected drop in industrial production, while the indicator of trust in construction fell slightly due to negative prospects of employment. Construction output is widely expected to go up, too. The central bank expects that the growth of employment as recorded in recent months in Slovakia’s economy as a whole will somewhat decelerate in the next few months.

(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

The referendum is said to protect traditional families.
Politics & society

Turnout key to referendum result

EVEN amid heated discussion about the content of a February 7 referendum targeting the constitutional definition of family, experts say the biggest test for supporters of the Alliance for Family (AZR) ballot initiative is whether turnout surpasses the required 50-percent quorum of eligible voters.

26. Jan 2015
One of the drugs to be withdrawn from pharmacies.
Business

Eleven generic drugs withdrawn from Slovak pharmacies

Slovak State Institute for Drug Control (ŠÚKL) on January 28 suspended the distribution of 11 generic drugs and withdrew them from the market.

29. Jan 2015
Krásna Hôrka Castle ablaze.
Culture & lifestyle

Reconstruction on Krásna Hôrka Castle continues

THE RECONSTRUCTION works on the Krásna Hôrka Castle, which was severely damaged by fire in 2012, continue in accordance with the plans, Judita Krajčiová of the Slovak National Museum (SNM) told the TASR newswire.

27. Jan 2015
Tom Nicholson
Opinion

Economy Minister Pavlis has to go

No one with such an obvious conflict of interest has any place in government.

30. Jan 2015