Spectator on facebook

Spectator on facebook

Economic sentiment indicator on decline in July again

The economic sentiment indicator continued shrinking in July. According to the data of the Slovak Statistics Office (ŠÚ), its value dropped 0.4 percentage points from June to 96.5 points, owing to negative development in all of its partial indicators.

The economic sentiment indicator continued shrinking in July. According to the data of the Slovak Statistics Office (ŠÚ), its value dropped 0.4 percentage points from June to 96.5 points, owing to negative development in all of its partial indicators.

The economic sentiment indicator thus fell 13.1 points year-on-year and lost 4.5 points compared with the long-term average. In June, the economic sentiment indicator declined 0.6 points month-on-month. The confidence indicator in industry went down by 1.6 percentage points in July following June's growth. Its development was mainly influenced by the decrease in the output projected for the next three months and lower demand for industrial goods. The confidence indicator in the building sector fell 2.5 points to minus 4.5 points. It still exceeds the long-term average by 17.5 points.

The indicator was affected by lower demand for construction output and slower growth dynamics of forecast employment. The confidence indicator in the retail sector underwent a two-point decrease to 18.3 points in the sixth month of this year. It exceeds the long-term average level by 5.3 percentage points. The confidence indicator in the sector of services shrank by 1.7 points to 22 points. A more negative assessment of the situation in the business sector hit its development. Consumer atmosphere, too, deteriorated. Due to concerns about the worsening of the economic situation in the country, unemployment growth and swelling doubts on households' possibilities to save part of their income, the consumer confidence indicator declined 2.4 points to minus 8.8 points, while it remained above the long-term average.

Compared with the same period of last year, consumer confidence dropped by 11.1 points. 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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.