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Economic sentiment indicator gains 1.2 points in March

Following a small drop reported in February 2012, the economic sentiment index in Slovakia improved in March by 1.2 points to 91 points. The Slovak Statistics Office reported positive development in all sectors used to calculate the index, the SITA newswire wrote. Nonetheless, the indicator is still 4.6 points behind last year’s figure and is 6.6 points lower than its long-term average.

Following a small drop reported in February 2012, the economic sentiment index in Slovakia improved in March by 1.2 points to 91 points. The Slovak Statistics Office reported positive development in all sectors used to calculate the index, the SITA newswire wrote. Nonetheless, the indicator is still 4.6 points behind last year’s figure and is 6.6 points lower than its long-term average.

The industry confidence index grew 4.3 percentage points in the observed period, taking it to 3 points, which was above its long-term average. The decline in construction confidence index recorded over the past three months stopped in March and went up 1 point from February to minus 47.5 points but remains 22.5 points below the long-term average.

The trade confidence index was unchanged from February's 10.7 points. The confidence index in services increased after two months of decline, gaining 9.7 percentage points from the previous month to 29 points, 3 points below its long-term average. The consumer confidence index ticked up by 0.2 points in monthly terms to minus 32.3 points. Compared with the situation year ago, the index was down 0.1 points.

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.

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