BUSINESS IN SHORT

Economic sentiment improves

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, with the SITA newswire reporting that sentiment was more positive in all sectors in March and that the consumer confidence indicator rose in April, as did the indicator in the construction industry. 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 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, with the SITA newswire reporting that sentiment was more positive in all sectors in March and that the consumer confidence indicator rose in April, as did the indicator in the construction industry. 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, still lagging behind its long-term average by 11.5 points.

The indicator in the retail sector dropped by 1.4 points in April to stand at 9.3 points, largely due to a more 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 stand at -20.8 points. The Statistics Office noted that this was due to a drop in concerns among consumers about poor economic developments and higher unemployment. But this indicator was still 9 points lower than in April 2011.

The sentiment indicator in the trade sector dropped by 1.4 points in April to 9.3 points due to a more pessimistic assessment of business prospects, while the sentiment indicator in services fell by 8.7 percentage points in April to 21 points.

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