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Economic sentiment improves

THE MOOD in the Slovak economy improved again in April, according to the indicator of economic sentiment measured by the Statistics Office, which went up month-on-month by 2.2 points to 92.6 points, the SITA newswire reported.

THE MOOD in the Slovak economy improved again in April, according to the indicator of economic sentiment measured by the Statistics Office, which went up month-on-month by 2.2 points to 92.6 points, the SITA newswire reported.

This was mainly influenced by favourable developments in the economy in recent months, as well as by the moderate increase of confidence in industry and in services.

Despite this, economic sentiment is still 6.9 points lower than it was in April 2012. It continues to lag behind the long-term average by 12.7 points, SITA wrote.

The confidence indicator in industry went up in April by 1 percentage point to 1 point. Its development was influenced by growth in demand for industrial products and by the expected moderate increase in production for the next three months.

The confidence indicator in construction, however, dropped in April, after three consecutive months of growth, by 2 points in comparison with March, to minus 54 points, SITA reported. This was due to pessimistic evaluations of both current demand and the expected employment rate. Confidence in this sector lagged behind the long-term average by 28 points in April 2013.

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