IES: Confidence in Slovak industry grew by 2 points m-o-m in December

Confidence in the Slovak economy as expressed by the Index of Economic Sentiment (IES) grew by 2 points on monthly terms to reach 94.8 points in December, the Statistics Office announced on Monday, December 27. The increase was mainly due to increased confidence in industry, retail, and the construction industry. In a y-o-y comparison, the IES grew by 12.4 points, but it is still 3.6 points below the long-term average, the TASR newswire wrote.

Confidence in the Slovak economy as expressed by the Index of Economic Sentiment (IES) grew by 2 points on monthly terms to reach 94.8 points in December, the Statistics Office announced on Monday, December 27.

The increase was mainly due to increased confidence in industry, retail, and the construction industry. In a y-o-y comparison, the IES grew by 12.4 points, but it is still 3.6 points below the long-term average, the TASR newswire wrote.

The indicator of confidence in industry rose by 8.3 points in December to 10.3 points, 7.3 points above the long-term average and the highest value since July 2007. The construction indicator grew by 0.5 points m-o-m to minus 37 points, 15 points below the long-time average.

Confidence in retail went up by 3 points on the month to 18 points in December. Meanwhile, confidence in services dropped by 0.3 points to 26. After an increase in November, consumer confidence fell again in December, with the indicator dropping by 2 points on the month to minus 23.5 points.

Get daily Slovak news directly to your inbox

Top stories

News digest: Who is ready for a vaccine in Slovakia

Vlhová won again. Boris Kollár is at home and will meet coalition partners to discuss GP vote. Justice Minister shows a new map.

Illustrative stock photo

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

From COVID-19 miracle to apparent resignation to death and dying

The natural reflex of all failed politicians – and their uncritical fan clubs – is to point to cultural or geographical differences between “us” and “them”.

The COVID-19 ward in the University Hospital Martin