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NBS: Positive signals beginning to appear in Slovak economy

In its latest published assessment of the current economic situation, the Slovak central bank (NBS) reported on Tuesday, July 28, that some positive signals are beginning to appear.

In its latest published assessment of the current economic situation, the Slovak central bank (NBS) reported on Tuesday, July 28, that some positive signals are beginning to appear.

Although the volume of industrial production continues to be low, in the sphere of qualitative assessment of current demand and the outlook for the future this is the first time since September 2008 that there are prevailing expectations of an increase in production.

Positive developments can also be seen in the Economic Sentiment Indices, according to which confidence in industry, services, as well as among consumers grew in June. As for the index of industrial production, its year-on-year decrease slowed in May, and a significantly more moderate decline was recorded as well in construction, the NBS report said. On the other hand, a year-on-year decrease in wholesale and retail revenues deepened. Other sectors had already recorded a slight deceleration in their year-on-year fall in revenues.

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

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