POST Online Media Lite Edition



 

Trade confidence indicator in Slovakia in December favourable

Staff Writer |
Confidence indicator in trade in Slovakia (14,3) remained unchanged compared with November.

Article continues below






The increase of business activities was eliminated by the result of the negative evaluation of the current business activities and the stabilised development of the stock of goods.

87% of respondents assessed the trend in business activities over the past three months as favourable or unchanged.

In spite of that, the seasonally adjusted final balance (17) decreased by 6 p.p. compared with November. Positive evaluations (weighted by turnover) prevail in all sectors of sale except retail sale of automotive fuel, in all size groups except enterprises employing 0 to 10 and 20 to 49 people and in all regions.

The level of stock (6) did not change month-on-month and 87% of respondents assess it to be normal to the season. 25% of respondents plan to increase orders (by 4% less than in a survey conducted in November) when 22% of respondents reported a decrease (by 7% more) and 53% of enterprises expect a stable development (by 3% less).

The seasonally adjusted balance (23) in this indicator increased by 4 p.p. Respondents will increase orders in all sectors of retail sale except retail sale of automotive fuel and repair of motor vehicles, in all size groups except enterprises employing 0 to 10 and 20 to 99 people and in all regions except Trenčín.

Compared with the previous month, respondents were more optimistic when evaluating the expected business activities over the next three months, therefore in December the balance (32) increased by 6 p.p.

Positive evaluations prevail in all sectors of retail trade except retail sale of automotive fuel and repair of motor vehicles, in all size groups except enterprises employing 20 to 99 people and in all regions except Trenčín.

Compared with November, an increase in the employment development is expected, the seasonally adjusted balance increased by 4 p.p. to 19. The majority of respondents (70%) do not expect any changes, 6% expect a decrease. About a quarter (24%) of enterprises expect an increase in the number of employees.

The number of employees will be increased in all sectors of retail trade, in all size groups except enterprises employing 0 to 10 people. In territorial terms, the number of employees will be increased in Bratislava, Trnava and Nitra.

When evaluating the expected development of prices, the majority of respondents (83%) assume it will remain unchanged or will have a downward trend (it is by 8% less than in the previous survey). The final balance (10) is higher by 7 p.p. than in the previous month.

A price increase is expected by respondents in all sectors of retail trade except retail sale of other goods and repair of motor vehicles, in all size groups and regions. 17% of respondents expect a price increase (by 8% more than in the previous month).

When evaluating the expected turnover the respondents were more optimistic than in November therefore the balance (31) increased by 1 p.p.

An increase of turnover is expected by respondents in all sectors of retail trade except retail sale of automotive fuel and repair and sale of motor vehicles, in all size groups except enterprises employing 20 to 99 people and in all regions except Trenčín.

Respondents have included in factors limiting a growth of sale mainly competition (64%), legislation (40%), low demand (40%) and high operating costs (36%).

11% of respondents do not have problems with the increase of turnover which is by 1 p.p. less than in November.


What to read next

Economic sentiment indicator in Slovakia up 0.4 points
Economic climate indicator in Portugal increases
Dutch consumer confidence at highest point in over 9 years