Slovakia: Economic sentiment falls in October
Economic sentiment fell to 91.3 in October from September’s 95.0. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the industrial sector and dampened sentiment in the construction sector. Meanwhile, confidence in the services sector waned in October, whereas sentiment in the retail sector was up in the surveyed month. Finally, consumer confidence weakened in October.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index rose in October.