Spectator on facebook

Spectator on facebook

Slovakia’s industrial confidence indicator increases in July

The mood in Slovak economy has considerably improved, said the Slovak Statistics Office on July 29 as its confidence indicator in Slovakia's industry continued rising for the seventh month, going up by five points to minus 8.3 points. Over the past two months, the indicator jumped eighteen points and its level in July was higher than in October of last year, when the significant deterioration of indicators started, the SITA newswire reported.

The mood in Slovak economy has considerably improved, said the Slovak Statistics Office on July 29 as its confidence indicator in Slovakia's industry continued rising for the seventh month, going up by five points to minus 8.3 points. Over the past two months, the indicator jumped eighteen points and its level in July was higher than in October of last year, when the significant deterioration of indicators started, the SITA newswire reported.

Industrial output reported a growing tendency with its indicator growing by 23 points to negative nineteen points, SITA wrote. The outlook of manufacturers of transport means, as well as textile and clothing producers positively influenced the development. Electricity, natural gas and water producers, along with footwear producers and wood processors view the situation on the market as negative.

Expectations of overall demand for industrial output grew by one point from June to be at 40 points in July. In spite of this, no sector of industry reported increase in demand. The indicator of foreign demand grew by eighteen points to minus 34 points in June. Only the manufacturers of transportation equipment expect growth in demand.

The employment outlook for the next three months slipped by two points compared to the previous month. Only the sector of transport equipment production expects growth of employment. 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

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness