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Slovakia economic confidence strengthens in September

Analysis

Slovakia's economic sentiment improved in September, while consumer confidence indicator went down, data from the Slovak Statistical Office (SÚSR) showed on Wednesday.

The economic sentiment index increased to 100.1 in September from 99.2 in August.

Among components, the industrial confidence index rose to 0.7 in September from -1.0 in the prior month.

The morale index for the construction sector rose to -13.5 and those for retail trade declined to 25.7. The services confidence indicator rose to 13.7 in September from 13.0 in the previous month. The consumer confidence indicator meanwhile went down by 1.4 percentage points to -20.2 in September from -18.8 in the preceding month.

Sentiment deteriorated especially in consumers' views regarding the general economic situation in the country (-31.5 from -28.6 in August) and households' financial situations (-8.3 from -4.4). 

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