Consumer confidence slightly up in July

THE MOOD among consumers in Slovakia improved in July compared to June, with the indicator of consumer confidence going up 1.7 points month-on-month to -9.9 points, the Statistics Office reported on August 22.

THE MOOD among consumers in Slovakia improved in July compared to June, with the indicator of consumer confidence going up 1.7 points month-on-month to -9.9 points, the Statistics Office reported on August 22.

This was mainly due to more favourable evaluations with respect to developments in unemployment, future economic developments and prospects of savings, the TASR newswire wrote.

When considering the expected developments in relation to the financial situation of households, the indicator remained more or less the same. Compared with the figure recorded three months ago, the situation improved by 3.6 points. As for an annual comparison, consumers’ concerns were 10.2 points lower in July 2014 compared to the same period of 2013.

Furthermore, July’s figure also exceeded the long-term average and represented the best result since October 2008.

Source: TASR

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

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