Spectator on facebook

Spectator on facebook

Economic sentiment in January hits lowest level since 1997

The mood about the economy in Slovakia continued to deteriorate in January. Slovakia’s Statistics Office reported that the overall economic sentiment indicator (ISE) fell 3.1 percentage points from December to 79.1 points. The office stated that this is the lowest value of the indicator since January 1997. This low value is explained by negative confidence indicators in the industrial and construction sectors. In y-o-y terms, the economic sentiment indicator was 21.5 percentage points lower. Moreover, it shrank 21.3 points below its long-term average, the SITA newswire wrote.

The mood about the economy in Slovakia continued to deteriorate in January. Slovakia’s Statistics Office reported that the overall economic sentiment indicator (ISE) fell 3.1 percentage points from December to 79.1 points. The office stated that this is the lowest value of the indicator since January 1997. This low value is explained by negative confidence indicators in the industrial and construction sectors. In y-o-y terms, the economic sentiment indicator was 21.5 percentage points lower. Moreover, it shrank 21.3 points below its long-term average, the SITA newswire wrote.

Compared with the end of 2008, consumer atmosphere in Slovakia did not change considerably in January, says the Statistics Office. Citizens' concerns were related to three components: evaluation of the development of Slovakia's economy, expected unemployment, and the projected financial situation of households. Less pessimism regarding households' prospective savings resulted in only a 0.1 point month to month drop in the consumer confidence indicator to minus 30.1 points. But the indicator remains below its long-term average. 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

Developers in Bratislava withrdaw applications for important investment statutes for their projects

J&T Real Estate and HB Reavis declare continuation in their projects without the statutes.

New development projects are going to change the skyline of Bratislava.

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.

Four Slovak firms make it on the list of the fastest-growing IT technology companies

Deloitte has compiled the ranking of the companies for the EMEA region for the 17th time.

Four Slovak software companies made it to the Deloitte’s Technology Fast 500 rankings for EMEA.

Refinery collects used cooking oil

Its partner company processes it into a biofuel component for diesel.

People can dispose of used cooking oil at petrol stations.