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Economic sentiment indicator rises again in April

The Indicator of Economic Sentiment (IES) in Slovakia rose again in April, increasing by 0.7 points month-on-month to 91.7 points, the Statistics Office announced on April 30, as reported by the SITA newswire. Nevertheless the IES remains 2.6 points below its level of April 2011 and lags behind the long-term average by 5.9 points. The sentiment indicator in the industrial sector dropped by 1 point month-on-month to 2 points, one point below its long-term average level, with SITA writing that this was due to an expected drop in production in the next three months. The indicator in the construction sector rose by 11 points on a monthly basis to reach -36.5 points. The indicator in the retail sector dropped by 1.4 points in April to stand at 9.3 points, largely due to pessimistic evaluation of the business environment, according to the Statistics Office while the consumer confidence indicator improved considerably by 11.5 points month-on-month to -20.8 points. The Statistics Office noted that this was due to a drop in worries among consumers about expected economic developments and unemployment but this indicator was still 9 points lower than in April 2011.

The Indicator of Economic Sentiment (IES) in Slovakia rose again in April, increasing by 0.7 points month-on-month to 91.7 points, the Statistics Office announced on April 30, as reported by the SITA newswire. Nevertheless the IES remains 2.6 points below its level of April 2011 and lags behind the long-term average by 5.9 points.

The sentiment indicator in the industrial sector dropped by 1 point month-on-month to 2 points, one point below its long-term average level, with SITA writing that this was due to an expected drop in production in the next three months. The indicator in the construction sector rose by 11 points on a monthly basis to reach -36.5 points.

The indicator in the retail sector dropped by 1.4 points in April to stand at 9.3 points, largely due to pessimistic evaluation of the business environment, according to the Statistics Office while the consumer confidence indicator improved considerably by 11.5 points month-on-month to -20.8 points. The Statistics Office noted that this was due to a drop in worries among consumers about expected economic developments and unemployment but this indicator was still 9 points lower than in April 2011.

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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