Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

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.


The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump