In March, the economic sentiment in Slovakia was significantly more optimistic than last month. The seasonally adjusted economic sentiment indicator (ESI) increased by 7.9 points to 85.6.
After a significant deterioration in the last two months, it has thus returned to the level of December 2020; however, it still has not reached its pre-coronavirus pandemic level.
Confidence is up
Confidence has increased significantly in services and slightly in trade among consumers and those in industry. By contrast, it slightly decreased in construction. The current ESI is 11.6 points worse than in the corresponding period last year and it is below the long-term average of 16.9 points.