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Consumer confidence indicator in November 2020

Consumer confidence indicator in November 2020

Last update: 27.11.2020
ilustratívny obrázok/illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 27.11.2020

At the beginning of November, the consumer mood in Slovakia was again slightly more pessimistic than in the previous month. The seasonally adjusted indicator of consumer confidence, decreased month-on-month by 0,9 points to -34,6. The indicator deteriorated for the third month in a row, after a gradual, slow five-month improvement followed by a deep slump in April. Compared to the previous month, respondents were more pessimistic in the expectations of unemployment and the general economic situation, while their expectations of the financial situation of households and household savings remained virtually unchanged. Compared with the situation last year, the respondents were more pessimistic by 25,6 points and the current result is below the long-term average by 15,6 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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