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Economic sentiment indicator in April 2022
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Economic sentiment indicator in April 2022

Last update: 28.01.2023
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 28.04.2022

Business confidence in the economy has risen in April

In April, the economic sentiment in Slovakia was significantly more optimistic than last month. The seasonally adjusted economic sentiment indicator (ESI) rose by 7,4 points and reached the value 103,1, which is the highest level since last June, at the same time it also exceeded the level of the period right before the pandemic.

Confidence has grown in almost all sectors, most notably in services. However, it also significantly rose in trade, industry, but also among consumers. The deterioration of the sentiment was manifested only in construction. Compared to the corresponding period last year, the current value of ESI is more pessimistic by 1,2 points, but after nine months of lagging behind, it exceeded again the level of the long-term average, albeit only slightly by 0,6 points.

In April, the confidence indicator in industry increased by 5,6 percentage points (p.p.) to 6,3, after seasonal adjustment. The indicator´s development was affected by the increase of the expected production and by the orders. In April compared with the previous month, the seasonally adjusted confidence indicator in construction dropped by 2 points to -13,5 due to less favourable evaluations of the overall level of orders. The current result is above the long-term average by 10,5 points. In April compared with March, confidence idicator in trade rose by 6,7 p.p. to 29,7 due to positive evaluations of the trend of business activities and the expected demands on suppliers. In April, the seasonally adjusted confidence indicator in services increased again after a two-months drop, its value (17,3) increased by 13 p.p. compared with March. The indicator´s development was affected by more positive evaluations of all its three components.

In April compared with the previous month, the consumer mood in Slovakia significantly improved. The seasonally adjusted indicator of consumer confidence increased by 5,2 points to -23,1, thus slightly approaching the level of the long-term average.

Respondents were more optimistic about all the four components of the indicator, mostly the concerns about the expected development of unemployment as well as the general economic situation have eased the most. They viewed more positively the expected financial situation of their households and the saving perspective related with it.

Compared to the corresponding period last year, however, the development of the indicator was less optimistic, it dropped by 0,6 points. There was a lag behind the long-term average by 3,6 points.

Note: The values of the 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.

DATAcube. database data source:

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  • Slovak Republic
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