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

Ladislav Chudík (2009)

Legendary actor Ladislav Chudík dies at 91

LADISLAV Chudík, 91, actor and longtime member of the Slovak National Theatre died in Bratislava on June 29.

Finance Minister Peter Kažimír (r), Interior Minister Robert Kaliňák (middle) and Justice Minister Tomáš Borec

Government continues to combat tax evasion

THE ROBERT Fico government is preparing an additional 30 measures by which it wants to combat tax avoidance and tax evasion in Slovakia. It wants, for example, to use cover companies to uncover criminal deeds, names…

The number of children born in 2014 was by 210 higher than in 2013.

Slovakia’s population hits record of 5.421 million

THE NUMBER of inhabitants of Slovakia stood at around 5.421 million at the end of last year, the highest figure in the country’s history, the Statistics Office announced on June 29.

Slovak ball hockey players are world masters

The Slovak representation defended gold by winning over the US team in overtime in Swiss Zug on June 28.