Spectator on facebook

Spectator on facebook

Worsening economic sentiment ended in August

The downward trend of the economic sentiment in Slovakia stopped in August. Compared to the updated result for July, the three-month moving average of the indicator grew in August by 0.2 points to 89.7 points. The result, according to the Slovak Statistics Office (ŠÚ), reflected increasing confidence in services and trade.

The downward trend of the economic sentiment in Slovakia stopped in August. Compared to the updated result for July, the three-month moving average of the indicator grew in August by 0.2 points to 89.7 points. The result, according to the Slovak Statistics Office (ŠÚ), reflected increasing confidence in services and trade.

The indicator is still lower than in the same period last year – by 6.7 points – and lags behind the long-term average by 15.6 points, the SITA newswire quoted the ŠÚ. Industrial confidence indicator in August fell by 1.4 percentage points to minus 5.7 points, which is 8.7 points below the long-term average. The indicator's development was affected mostly by rising inventory of industrial products which were the highest since of January this year.

Growth in the construction confidence indicator ceased in August. Compared to the update for the previous month, this indicator fell by 0.5 points to minus 48.5 points. Its lag behind long-term average rose to 22.5 points.

(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.

Top stories

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

Slovakia vies for medicines agency

What chances does the country have at winning the seat of the prestigious European Medicines Agency that needs to relocate from London?

Illustrative stock photo

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

British embassy opens condolence book

The book will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.