BRATISLAVA, May 29, (WEBNOVINY) — The positive trend of economic sentiment in the Slovak Republic continued also over this May. As the Statistics Office informed on Tuesday, the economic sentiment indicator rose by one point to 92.7 points. According to the statistics authority, the result was mainly influenced by more favorable data for the previous two months. However, the indicator is still lower than in the same period of last year, by 2.8 points. Its lagging behind the long-term average has decreased to 4.9 points.
The confidence indicator in industry in May surged by 1.7 points to 3.7 points which brought it moderately above the long-term average, which is three points. The development of the indicator was caused by expectations of higher production over the next three months, explained the authority. The confidence indicator in the construction sector in May compared with April continued to grow when it swelled by 0.5 points to minus 36 points due to a significantly more optimistic assessment of current demand. In the fifth month, the lagging behind the long-term average of this indicator decreased to 11 points.
The confidence indicator in trade dropped by 1.4 points to 7.3 points in May from the previous month. This was caused by a more pessimistic assessment of the expected business situation. The confidence indicator in services in April fell by 5.3 percentage points to 15.7 points, influenced by development of negative evaluations of the expected business situation and the expected demand.
The consumer sentiment in May dropped 1.7 points from April to minus 22.5 points under the influence of inhabitants’ worries about unemployment growth and households‘ possibility of saving finances. Compared with the same period of last year consumer sentiment is more favorable by 2.2 points.
SITA
