Spectator on facebook

Spectator on facebook

Economic sentiment up again

THE ECONOMIC sentiment indicator (ESI) has continued to rise in July, with its three-month moving average increased by 2 points to 102.8. This followed on improved confidence in all sectors, except for trade. The ESI is 13.3 points higher than last year, but still lags behind its long-term average by 1.7 points.

THE ECONOMIC sentiment indicator (ESI) has continued to rise in July, with its three-month moving average increased by 2 points to 102.8. This followed on improved confidence in all sectors, except for trade. The ESI is 13.3 points higher than last year, but still lags behind its long-term average by 1.7 points.

Also the consumer confidence indicator continues to grow and with -9.9 points achieved the best value since October 2008, the Statistics Office (ŠÚ) informed on July 29.

The confidence indicator in industry increased by 7 points to 3.7 compared to previous month, which is by 1.7 points more than its long-term average and the highest value since October 2013. The indicator was affected mostly by positive expectations of growth in production for following three months and increase in demand.

The confidence indicator in construction sector rose by 4.5 points month-on-month to -34.5, mostly as a result of positive evaluation of expected employment and level of orders. The indicator, however, lagged behind its long-term average by 6.5 points.

On the other hand, the confidence indicator in trade dropped by 0.7 percentage points to 10.3 compared to June, mostly due to negative evaluation of expected business activities.

The confidence indicator in services increased by 0.7 percentage points month-on-month to 23.7 percent. It was affected by positive evaluation of business situation and current demand, while the respondents evaluated the expected demand negatively, the ŠÚ informed.

The consumer mood in Slovakia also continues improving. Compared to June, the consumer confidence indicator rose by 1.7 points to -9.9. With the relative stability of the indicator of assumed development of financial situation of households, the indicator of the expected unemployment in Slovakia recorded the highest positive month-on-month movement.

In annual terms, the indicator rose by 10.2 points and stood above its long-term average, according to ŠÚ.

Source: Statistics Office website

Compiled by Radka Minarechová from press reports

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

Top stories

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo