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Economic sentiment indicator in June 2019 - revised data

Economic sentiment indicator in June 2019 - revised data

Last update: 03.07.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 28.06.2019

Warning:

Data of Economic Sentiment Indicator and Confidence Indicators in Services and in Trade for June 2019 were revised on 3rd July 2019

In June compared with the value of the previous month, the three-months moving average of the economic sentiment indicator (ESI) remain unchanged on 95,2. Confidence increased mainly in industry, to a lesser extent in services and among consumers. By contrast, it decreased in construction and remained relatively unchanged in trade. The current IES is lagging behind the long-term average by 8,4 points and by 7,6 points behind the same period of last year.

In June, the confidence indicator in industry increased by 6,4 percentage points (p. p.) to the value 2,7. The development of the indicator was favourably influenced by the increase of the expected production over the next three months. In June compared with the previous month, the confidence indicator in construction decreased by 2 points to -23,5 due to more unfavourable evaluations of the expected employment. The current result is exceeding the long-term average by 1,5 points. In June compared with May, confidence indicator in trade increased by 0,3 p. p. to 22,3 as a result of positive evaluations of expected business activities. In June, the confidence indicator in services increased, after the two-months decrease, its value (-5,3) was higher by 2 percentage points. The indicator development was influenced by favourable business situation and demand assessments in the last three months, while respondents assessed the expected demand negatively.

In June, the consumer mood in Slovakia improved. The seasonally adjusted indicator of consumer confidence, increased by 2,9 points to -3,7. The consumers were more optimistic in all the four indicator components, i.e. the expected development of unemployment, saving perspectives of households, financial situation of households and the general economic situation. The respondents were less optimistic by 0,1 point than in the corresponding period last year and the current result is exceeding the long-term average.

 

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