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Slovakia Consumer Confidence Improves In January

Slovakia's consumer confidence improved in January, after a sharp deterioration in the previous month, data released by the Statistical Office of the Slovak Republic showed on Wednesday.

The consumer confidence indicator rose to -37.1 from -38.9 in December. The index recorded a reading of -33.1 in November.

Mood among the consumers improved led by less pessimism regarding the expected evolution of the economic situation and unemployment and the financial situation of the household.

Meanwhile, the economic sentiment indicator declined for the eighth month in the row to 87.7 in January from 88.6 in December. The latest score is the lowest since November 2009.

The industrial confidence index rose by a percentage point to minus 9.3 in January. The confidence indicator in the building industry rose 3 points to minus 54 due to more optimistic assessment of both current demand and expected employment.

by RTT Staff Writer

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