The economic sentiment is the worst in last the three years

The mood in the Slovak economy continues to fall. For the third month in a row the economic sentiment indicator dropped by 2 points to 81.8 points, which is the worst result in the past three years, the SITA newswire reported on December 27.

The mood in the Slovak economy continues to fall. For the third month in a row the economic sentiment indicator dropped by 2 points to 81.8 points, which is the worst result in the past three years, the SITA newswire reported on December 27.

“The result was affected by the negative development during the previous two terms, as well as the fall in the consumers’ trust in the actual survey,” said the representatives of the Slovak Statistics Office, as quoted by SITA.

Compared to last year, the economic sentiment indicator dropped by 7.3 points and lags behind the long-term average by 15.8 points.

On the other hand, the indicator of trust in industry increased by 5.7 points to -10 points in December. The positive result was impacted by expected growth in the industrial production in following three months. Yet, the indicator of trust in construction continues to fall. Compared to previous month, the index dropped by 0.5 points to -57 points, SITA wrote.

The indicator of trust in trade decreased by 0.3 points to 5.7 points, while the indicator of trust in services increased by 1.3 points to 13 points in December. The indicator of consumers’ trust fell compared to November by 5.8 points to -38.9 points.

Source: SITA

Compiled by Spectator staff from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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