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Economic sentiment falls again

CONFIDENCE in the Slovak economy fell in January 2013 for the eighth month in a row, with economic sentiment going down by 0.9 points to 87.7 points month-on-month, the TASR newswire reported on January 30.

CONFIDENCE in the Slovak economy fell in January 2013 for the eighth month in a row, with economic sentiment going down by 0.9 points to 87.7 points month-on-month, the TASR newswire reported on January 30.

“It has cumulatively lost almost 13 points since May 2012,” said macroeconomist for VÚB Banka Andrej Arady, as quoted by TASR.

The evaluation of the current situation continues to be rather unimpressive, with the use of production capacities trending downwards, Arady said, adding that “the mood remained below average in all evaluated sectors”.

On the other hand, a slight month-on-month increase in optimism was seen in construction in January, which, according to Arady, amounts to the first improvement in mood after seven consecutive months of decrease in that sector.

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