Improved mood in Slovak economy

THE MOOD in the Slovak economy is continuing to improve. The economic sentiment indicator went up by 2.3 to 77.5 percentage points in October, on a monthly basis, according to the Statistics Office, the SITA newswire reported.

THE MOOD in the Slovak economy is continuing to improve. The economic sentiment indicator went up by 2.3 to 77.5 percentage points in October, on a monthly basis, according to the Statistics Office, the SITA newswire reported.

The indicator rose 1.8 points in September. Improved confidence in all sectors had a positive influence on the development of the indicator.

On the other hand, consumer confidence shrank. In annual terms, the economic sentiment indicator was 15.7 points lower and 22.9 percentage points below the long-term average.

The confidence indicator in industry rose from September by 3.6 to minus 8.7 percentage points. All measurements improved, particularly surging demand for industrial products and forecast production growth for the next three months.

In October, the consumer atmosphere indicator fell by six points to minus 30.3 points as a consequence of growing concerns about growth in unemployment and the expected development of Slovakia's economy. Compared with the previous quarter, the mood of consumers improved 1.9 percent. The value of the indicator improved by 13.6 points from six months earlier, but on an annual basis it was still 18.5 points down.


Top stories

Israeli artist Menachem Edelman-Landau who lives in Banská Štiavnica.

Life of Israeli artist changed forever after he painted a Slovak woman

Painter Menachem Edelman-Landau had to alter his travel plans after an unexpected event turned his life upside down.


20. jun

News digest: Salvator pharmacy will resume its original function

Bratislava marks the 280th anniversary of Maria Theresa's coronation, what to do with unwanted books, and decommissioning a former nuclear plant might take longer than planned.


24. jun
The Knihotaxi runs every Friday, Saturday and Sunday in Bratislava.

‘Book Taxi’ – new service to sell old books launches

Novels need not end up in trash, says company behind scheme.


24. jun
SkryťClose ad