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Economic sentiment indicator in Slovakia up 0.4 points

Staff Writer |
In November, the three-month moving average of the economic sentiment indicator (ESI) in Slovakia increased by 0.4 points to 103,3.

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This is as a result of the favourable development in construction and more optimistic evaluations of entrepreneurs in September.

ESI is currently exceeding the value of the corresponding period last year by 3.1 points and it is lagging behind the long-term average by 0.8 points.

In November, the confidence indicator in industry decreased by 0.3 p.p. to -1. The indicator´s development was unfavourably influenced by a higher finished goods stock.

In November compared with the previous month, the confidence indicator in construction increased by 3 points to -11.5 as a result of more favourable evaluations of the expected employment. The current result is exceeding its long-term average by 15.5 points.

Confidence indicator in trade (14.3) decreased by 3.4 percentage points in November compared with October as a result of the negative evaluations of the expected and the current business activities.

In November, the confidence indicator in services decreased after a five-month increase, its value (13) decreased compared with October by 4 percentage points.

The indicator´s development was affected by negative evaluations of the demand for the past three months but mainly by the expected demand while the business situation was evaluated by respondents similarly as in October.

The consumer mood deteriorated in November. Compared with the previous month, the seasonally adjusted consumer confidence indicator (-6.6) decreased by 1.9 points, due to the increased pessimism in all its components.

The current seasonally adjusted result is by 5.2 points favourable than in the corresponding period last year and it exceeded the long-term average.

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