Economic sentiment indicator plunges by 0.5 points in November

The economic sentiment indicator in Slovakia worsened again in November, falling by 0.5 points in monthly terms to 89 points and the Slovak Statistics Office (ŠÚ) attributed the fall to a more pessimistic outlook by consumers and the trade sector. The sentiment of respondents in the monthly survey is four points lower than a year ago and the indicator is nine points behind its long-term average, the SITA newswire wrote based on the ŠÚ data.

The economic sentiment indicator in Slovakia worsened again in November, falling by 0.5 points in monthly terms to 89 points and the Slovak Statistics Office (ŠÚ) attributed the fall to a more pessimistic outlook by consumers and the trade sector. The sentiment of respondents in the monthly survey is four points lower than a year ago and the indicator is nine points behind its long-term average, the SITA newswire wrote based on the ŠÚ data.

The confidence indicator in industry grew by 0.7 percentage points to zero, which is three points below its long-term average, influenced by expected production growth in the coming three months. The confidence indicator in the construction sector went up by 2 points from October to minus 35.5 points. The trade sector reported a 4.7-point decline that slipped below the long-term average for the third time this year. The confidence indicator in services resumed growth following five months of decline and was 12.3 percentage points higher than the previous month, hitting 24.3.

Consumer sentiment fell sharply in November, losing 8.3 points from the previous month to stand at minus 38.4 points. Respondents were worried about unemployment growth and a worsening economic situation in Slovakia and the consumer sentiment indicator was 16.9 points lower than the same period a year ago.

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.

Get daily Slovak news directly to your inbox

Top stories

The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

6 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

11 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

13 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

24. jan