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Consumer confidence indicator in July 2020

Consumer confidence indicator in July 2020

Last update: 29.07.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 29.07.2020

At the beginning of July, the consumer mood in Slovakia was again slightly more optimistic for the third consecutive months, after a fall in April. The seasonally adjusted indicator of consumer confidence, increased month-on-month by 1,1 points to -34,4. Respondents were more optimistic in all the four indicator components, mostly in the expectations of the unemyploment development and slightly less in the expectations of the general economic situation. In the expectations of the financial situation of households and the saving perspectives of households they were only slightly optimistic. Compared with the situation last year, the respondents were more pessimistic by 30,3 points and the current result is below the long-term average by 15,4 points.

Note: The values of the consumer confidence indicator range from -100 (responses of all respondents are maximally pessimistic) to 100 (responses of all respondents are maximally optimistic). Data are seasonally adjusted.


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