Spectator on facebook

Spectator on facebook

Economic confidence down in August

The economic confidence indicator in Slovakia went down 1.1 percent month-on-month in August 2007 to 108.5 points, the Statistics Office of Slovakia announced on August 28.

The drop is due to a decline in the confidence indicator in industry, services and with consumers.

The economic confidence indicator was 1.1 percentage points higher in a year-on-year comparison and exceeded the long-term average by 8.1 percentage points, the statistics office reported.

In August, the confidence indicator in industry dropped 9.3 percentage points to seven points in a month-on-month comparison, which is the lowest level over the last 11 months. Its drop was influenced mainly by technological shutdowns and factory holidays. Lower expectations of production growth for the upcoming three months and a drop in the demands for industrial products also played a role.

Consumer confidence worsened in August due to growing pessimism in the households' financial situations, the expected economic situation in the state and the anticipated growth of the unemployment rate in Slovakia.

-SITA

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

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.