Slovakia business confidence, consumer morale improves in July

Analysis

Slovakia’s industrial confidence indicator increased to -5 in July from -10 in the previous month, mainly due to improvements in expectations for production (34 vs 24 in June), the Statistical Office of the Slovak Republic (SÚSR) says. 

Prospects for selling prices (-4 from -13) and employment (-23 vs -34) were also less negative. On the other hand, expectations for export orders worsened (-38 vs -36).

At the sametime, the consumer confidence indicator increased to -34.4 in July from -35.5 in the previous month. All sub-indexes pointed to an improvement in expectations regarding unemployment (60.3 vs 63); households’ financial situation (-12.8 vs -13.0); savings (-21.1 vs -21.5); and general economic situation (-43.2 vs -44.3), SÚSR said.

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