Spectator on facebook

Spectator on facebook

Confidence in economy continued to fall in April

Slovakia’s indicator of economic sentiment (IES) continued to fall in April, dropping by 4.4 points month-on-month (m-o-m) to 68.8 points and bringing confidence in the Slovak economy to its lowest level since 1997, when the figures were calculated for the first time, reads a report by the Statistics Office published on April 28.

Slovakia’s indicator of economic sentiment (IES) continued to fall in April, dropping by 4.4 points month-on-month (m-o-m) to 68.8 points and bringing confidence in the Slovak economy to its lowest level since 1997, when the figures were calculated for the first time, reads a report by the Statistics Office published on April 28.

The IES fell by 30.3 points year-on-year and by 31.6 points compared to its long-time average. The indicator of trust in industry continued to fall in April, dropping by 1.3 points m-o-m to minus 23.3 points. This was influenced by a fall in demand for industrial production and by an expected continued fall in production over the next three months, the TASR newswire wrote.

The indicator of trust in the building industry was down 12.5 points m-o-m to minus 48.5. This was caused by lower demand for construction and an expected fall in employment over the next three months. The previous rapid decline in the indicator of trust in retail was halted in April, however, with the figure increasing slightly by 0.4 points to minus 22.3 points. This was influenced by a more favourable assessment of the current and expected business climate than was the case in March. The indicator of trust in services fell by 7.7 points m-o-m to minus 20. This was also influenced by the global economic crisis.

Though consumer confidence in Slovakia improved by 2.3 points in April, Slovak consumers are still much more pessimistic than they were last year, by as much as 34.6 points. 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

Why did we have to wait ten years for the verdict in the bulletin-board case?

The case is still not concluded. The Supreme Court will have to deal with the appeal of ex-ministers; the case of embezzlement by the non-licensed banking institution of Jozef Majský has also become protracted.

Ex-minister Janušek, sentenced October 18.

Refurbishment of Trnavské Mýto has started

The facelift of the underpass crossing should be completed by summer. Fate of nearby Istropolis still not known

Reconstruction of Trnavské Mýto underpass started.

Europe will continue fighting dual quality products

The recent Bratislava summit raised some suggestions on solving the problem, but it will be a long process.

Yeme grocery store in Bratislava.

The chairman of the committee tasked to improve tax returns has problems himself

The newly set-up committee meant to prepare a law on the more detailed property disclosures of politicians is headed by ex-minister Martin Glváč from Smer, who is refusing to publish details of his assets.

L-R: Martin Glváč and Andrej Danko