BUSINESS IN SHORT

Retailers’ optimism grew in September

The expectations of Slovak retailers are continuing to improve. The confidence indicator in the retail sector rose in September for the fourth month in a row, according to the Statistics Office. However, the indicator only grew by 0.3 points to 3.3 points, the SITA newswire reported.

The expectations of Slovak retailers are continuing to improve. The confidence indicator in the retail sector rose in September for the fourth month in a row, according to the Statistics Office. However, the indicator only grew by 0.3 points to 3.3 points, the SITA newswire reported.

Elsewhere, the optimistic outlook for the present and future situation in the business sphere was largely cancelled out by a negative forecast related to inventory. The business outlook regarding present development, net of seasonal influences, grew 2 points. Four-fifths of respondents perceive the present situation in the business sphere as favourable or appropriate for the season.

Sellers of foodstuffs, beverages and tobacco are the most optimistic. Only 7 percent of them assess the situation negatively.

Nonetheless, respondents voiced concerns over the announced increase in the VAT rate. They expect this step to encourage food purchases abroad.


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