(RTTNews) - Slovakia's economic sentiment indicator climbed for the second straight month in December, official data revealed Monday.The economic sentiment indicator rose to 94.8 from a revised 92.8 in November, the Statistical Office of the Slovak Republic said. The November reading was originally reported as 92.6. The improvement in the indicator was led by an increase in confidence in industry, retail trade and in construction, the agency noted.
The industrial confidence indicator rose to 10.3 from 2, while the measure reflecting morale in the construction sector increased to minus 37 from minus 37.5. The gauge mirroring sentiment in the retail trade climbed to 18 from 15.
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Slovak Economic Sentiment Rises For Second Month
(RTTNews) - Slovakia's economic sentiment indicator climbed for the second straight month in December, official data revealed Monday.
The economic sentiment indicator rose to 94.8 from a revised 92.8 in November, the Statistical Office of the Slovak Republic said. The November reading was originally reported as 92.6. The improvement in the indicator was led by an increase in confidence in industry, retail trade and in construction, the agency noted.
The industrial confidence indicator rose to 10.3 from 2, while the measure reflecting morale in the construction sector increased to minus 37 from minus 37.5. The gauge mirroring sentiment in the retail trade climbed to 18 from 15.
Meanwhile, consumer confidence weakened following a strong rebound in November. The corresponding index dropped to minus 23.5 from minus 21.5.
The Slovak central bank has reduced the growth forecast for this year to 4.2% from 4.3%. Growth is seen at 3% next year. The International Monetary Fund forecast Slovak economic growth to exceed 4% this year, driven by booming exports and inventories adjustments.
The economy grew 3.8% year-on-year at constant prices in the third quarter, slower than the 4.2% expansion in the previous three months.
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