Slovakia Business Confidence in April at 1-year High
The industrial confidence indicator in Slovakia increased by 6 points from a month earlier to -0.3 in April, a survey from the Bratislava-based Slovak Statistical Office (SÚSR) showed.
This was the highest reading since April 2023, mainly influenced by the growth of orders (-3 vs -16), particularly in the manufacture of transport equipment, and the expected production for the next three months (27 vs 22), data showed.
Moreover, increases were observed in both export order books (-12 vs -21) and selling prices (5 vs 1), while stocks of finished products remained unchanged (25). On the other hand, current production deteriorated (-10 vs 12). Consumer confidence in the Slovak economy improved slightly in April as well.
With a month-on-month growth by 2.4 points, the level of the consumer confidence indicator (seasonally adjusted) increased to -8.6. It exceeded the long-term average by 11.6 points.
Consumers evaluated all four components of the indicator more positiv ely. They expect a more favorable development of unemployment as well as the financial situation of households. At the same time, they believe in the improvement of the development of the general economic situation and were more optimistic when evaluating the expected creation of savings.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Marcelito Pomoy to Perform in Budapest Next Week
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
