BUSINESS IN SHORT

Consumer confidence notches up

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 minus 16.3 points, the SITA newswire reported.

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 minus 16.3 points, the SITA newswire reported.

The consumer mood in Slovakia expressed by the indicator was up nearly 28 points on a year-on-year basis.

“The negative concerns of the population have decreased in three areas, to a larger extent in the expected development of Slovak economy and in the estimated development of unemployment; less so in the expected financial situation of households,” the Slovak Statistic Office stated in its report, as quoted by SITA.

“Confidence has gone down in the fourth area, the possibility of saving a portion of household income.”

The current survey examined 15 indicators. Compared to March 2010, four of twelve indicators improved, while in two of them – expected development in the economy and unemployment development – the change exceeded the 5 point limit.

In one indicator, expected inflation, the value of the index remained at approximately the previous level. Compared to the previous month, the confidence indicators deteriorated in seven areas.

In yearly terms, the result was favourable in 10 of 15 measurements.

According to the data from 26 EU countries, Slovakia, after rounding off its index value to minus 16 points, tied with Poland for 12th place on a ranking of states on the basis of a decreasing level of consumer confidence.

In the EU as a whole, consumer confidence improved two points to minus 12 points, thus exceeding the Slovak result by 4 points.


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