Slovakia Consumer Morale Edges Down in February

Analysis

The consumer confidence indicator in Slovakia went down by 0.9 points to -33.3 in February from -32.4 in the previous month, data from the Bratislava-based Slovak Statistical Office (SÚSR) showed on Monday.

Compared to last month, concerns about the development of unemployment (31.5 vs 27.8 in January), as well as about the general economic situation (-52.8 vs -51.9) have increased.

However, survey respondents predicted a more positive development of their households' finances (-21.7 vs -22.1). Expectations for savings (-27.2 vs -27.7) also increased marginally.

A separate report showed, that in Slovakia the industrial confidence indicator fell by 2.4 points to -14.7 in February from a three-month high of -12.3 in the previous month.

The decline was influenced by the decrease in expected production, mainly in the production of machinery and equipment not classified elsewhere. 

ADVERTISEMENT

Insurers' Premiums Revenue Climbs 5% in 2023 Figures

Insurers' Premiums Revenue Climbs 5% in 2023

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.