Consumer confidence in Slovak economy improves in April

Consumer confidence in Slovakia continues to improve, according to the Slovak Statistic Office's consumer barometer which indicated thatconsumer confidence in April increased 1.5 points to negative 16.3 points, the SITA newswire reported. The consumer mood in Slovakia expressed by the indicator improved nearly 28 points on a year-on-year basis. Results of the consumer barometer will be discussed by the cabinet at its meeting on May 25.

Consumer confidence in Slovakia continues to improve, according to the Slovak Statistic Office's consumer barometer which indicated that
consumer confidence in April increased 1.5 points to negative 16.3 points, the SITA newswire reported. The consumer mood in Slovakia expressed by the indicator improved nearly 28 points on a year-on-year basis. Results of the consumer barometer will be discussed by the cabinet at its meeting on May 25.

“Compared to the last few months, concerns of the population have decreased in three areas, more in the expected development of Slovak economy and estimated development of unemployment, less in the expected financial situation of households. Value has gone down in the fourth area, the possibility of saving a portion of income of households,” the Slovak Statistic Office stated in its report, as quoted by the SITA newswire.


The current survey examined 15 indicators. Compared to March 2010, four of twelve indicators monitored in monthly intervals improved, while in two of them - in expected economy and unemployment development - the change exceeded the 5 point limit. In one indicator, expected inflation, the value of the index result remained approximately at the previous level. Compared to the previous month, the situation deteriorated in seven
coefficients.

In yearly terms, the result was favourable in 10 of 15 measurements.
According to the provided data from 26 EU countries on the chart of states arranged on the basis of decreasing index of consumer confidence, Slovakia, after rounding off the index value to negative 16 points, placed 12th and 13th along with Poland. In the European Union as a whole, consumer atmosphere improved two points to negative 12 points, thus exceeding the Slovak result by 4 points.

Source: 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.

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