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Slovak consumer confidence rises

Consumer confidence in Slovakia improved in July. After remaining unchanged in June, the indicator rose 2.8 points to minus 21.9 points in July. According to the results of the Slovak Statistic Office's consumer barometer released on Monday, August 22, this means consumers are more optimistic than the long-term average, but are expressing more pessimism than in the same period a year ago.

Consumer confidence in Slovakia improved in July. After remaining unchanged in June, the indicator rose 2.8 points to minus 21.9 points in July. According to the results of the Slovak Statistic Office's consumer barometer released on Monday, August 22, this means consumers are more optimistic than the long-term average, but are expressing more pessimism than in the same period a year ago.

The survey was carried out in early July on a representative sample of 1,135 respondents aged 16 and above. In monthly terms, expectations regarding unemployment improved by 7.9 points. Pessimism regarding the economic situation in Slovakia fell by 2.2 points. A moderate decline of 0.9 points was also reported in concerns about households' financial situations.

Compared with three months ago, the situation has also improved. The latest indicator was 7.9 percent more positive than three months ago as a result of improvement in all four of its components.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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