Consumer sentiment in Slovakia continues to deteriorate

Consumer sentiment in Slovakia is continuing to deteriorate, a survey by the Slovak Statistics Office (ŠÚ) from the beginning of October has found.

Consumer sentiment in Slovakia is continuing to deteriorate, a survey by the Slovak Statistics Office (ŠÚ) from the beginning of October has found.

According to the survey, the consumer confidence indicator in Slovakia in October decreased compared to the previous month by 6.4 points to minus 38 points. Consumer confidence in the country thus declined for the sixth month in a row, the SITA newswire reported, quoting the ŠÚ. The causes include rising concern in all evaluated components of the indicator, such as the expected development of unemployment, the economic situation in the country, the expected development of the financial situation and the possibility of household saving. In October, consumers were 15 points more pessimistic than three months ago and 7.9 points more than a year ago. The October result also remains below the long-term average.

Compared to the previous month, out of twelve indicators monitored the situation improved in just three. These were the balance of income and expenditure of households, the atmosphere for saving in the country, and households’ plans for major purchases. In conditions for large purchases across the country, the month-on-month change was less than one point. In eight indicators, the survey reported deterioration compared to the previous month.

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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