Spectator on facebook

Spectator on facebook

IES: Confidence in Slovak economy grows for the fifth consecutive month

Slovakia's Index of Economic Sentiment (IES), a measure of confidence in the country's economy, continued to grow in October for the fifth month in a row, rising by 2.3 points month-on-month to 77.5, the Statistics Office said on Wednesday, October 28. This means that the IES is still moving away from its lowest-ever level of 66.2 points, which was recorded during the ongoing global economic crisis. The improvement in the indicator was mainly influenced by a significant increase in confidence in services, although the IES was still 15.7 points lower year-on-year and 22.9 below its long-term average.

Slovakia's Index of Economic Sentiment (IES), a measure of confidence in the country's economy, continued to grow in October for the fifth month in a row, rising by 2.3 points month-on-month to 77.5, the Statistics Office said on Wednesday, October 28. This means that the IES is still moving away from its lowest-ever level of 66.2 points, which was recorded during the ongoing global economic crisis. The improvement in the indicator was mainly influenced by a significant increase in confidence in services, although the IES was still 15.7 points lower year-on-year and 22.9 below its long-term average.

Confidence in industry in October grew by 3.6 points to minus 8.7 points. This was caused by an increase in demand for industrial goods and by expectations that industrial production will grow in the next three months. The confidence indicator in construction in October grew by 5 points m-o-m to minus 47.5 points, which is still 26.5 points below the long-term average. When it came to services, the indicator went up by 5.3 points m-o-m to minus 1 point, though this is still far below its long-time average.

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

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.

Blog: Foreigners, get involved

What about making our voices heard? And not only in itsy-bitsy interviews about traditional cuisine and the High Tatras.

Regional election 2017