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Economic sentiment indicator in July 2019

Economic sentiment indicator in July 2019

Last update: 29.07.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 29.07.2019

In July compared with the value of the previous month, the three-months moving average of the economic sentiment indicator (ESI) increased by 0,2 points to 95,1. Confidence increased in services and in construction, by contrast, it significantly decreased in industry. In trade and among consumers it remained relatively unchanged. ESI is currently lagging behind the long-term average by 8,5 points and behind the value of the corresponding period last year by 6,4 points.

In July, the confidence indicator in industry decreased by 12,6 percentage points  to the value -12,3. The development of the indicator was the most significantly influenced by the expected decrease of the production over the next three months. In July compared with the previous month, the confidence indicator in construction increased by 5,5 points to -18,0 due to more favourable evaluations of the overall level of order books. The current result is exceeding the long-term average by 7 points. In July compared with June, confidence indicator in trade (19,7) remained unchanged when the growth of the current business activities and the decrease of the stock of goods were eliminated by the negative evaluations of the expected business activities over the next three months. In July compared with June, the confidence indicator in services increased again, its value (2) increased by 7,3 percentage points. The indicator´s development was affected by favourable evaluations of the expected demand, while the business situation and the demand over the past three months were evaluated more negatively by respondents.

In July, the consumer mood in Slovakia remained relatively stable. The seasonally adjusted indicator of consumer confidence, decreased by 0,4 points to -4,1. The pessimistic expectations of unemployment among consumers were hampered by their optimistic expectations of the saving perspectives of households while their expectations of the financial situation of households and the general economic situation remained relatively unchanged. The respondents were less optimistic by 0,3 points than in the corresponding period last year and the current result is exceeding the long-term average.


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