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Friday, the Statistical Office of the Slovak Republic said the economic sentiment indicator rose 2 percentage points to 79.4 in November from the previous month. However, year-on-year, the index decreased by 9 percentage points, and was also 21 percentage points lower than the long term average.
The monthly rise was affected by positive developments in the services, construction and industrial sectors. However, this was partly offset by a drop in the retail as also the consumer confidence index.
During the month, the industrial confidence indicator improved to minus 7.7 from from minus 9, while the construction confidence increased to minus 45 from minus 47.5. The service confidence indicator turned positive to show a reading of 2.3 in November compared to minus 1 in the previous month. However, the retail trade confidence decreased to minus 15 from minus 12.3. The consumer confidence indicator worsened to minus 33.2 from 30.3.
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