Slovakia Business Morale Deteriorates in September

Analysis

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The industrial confidence indicator in Slovakia dropped by 0.7 points from the previous month to -10 in October, marking the sixth consecutive month of negative readings, survey data from the Slovak Statistical Office (SÚSR) showed on Monday.

The decline was observed in current order levels (-11 vs -12 in August) and the expected industrial production (-1 vs -10).

On the other hand, there was a sharp increase in stocks of finished goods (18 vs 6), while prospects for selling prices decreased significantly (-2 vs 2).

The consumer confidence in Slovakia meanwhile rose to -18.7 in October from -19.7 in the previous month, figures from the Bratislava-based agency show.

This was the highest reading since June 2021, as expectations improved for general economic situation (-29.3 vs -30.1 in September), household financial situations (-10.3 vs -12) and future household savings (-18.7 vs -19.8). Meanwhile, worries about unemployment also decreased (16.3 vs 16.7).

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