Slovakia Economic Sentiment Weakens In June

Slovakia's economic sentiment worsened for the first time in four months in June, data from the Statistical Office of the Slovak Republic showed on Wednesday.

The economic sentiment index dropped to 99.5 in June from 109.2 in May.

The recent downward trend in economic sentiment was mainly due to a double-digit monthly decrease in confidence in services and industry and by a slight decline in construction and among consumers, the agency said.

Among components, the industrial confidence index weakened to -1.3 in June from 10.0 in the prior month.

The index measuring confidence in the construction sector fell to -14.0 in June from -9.5, and those for services declined markedly to 19 from 33.

Meanwhile, retail trade sentiment remained stable at 29.0 in June.

The consumer confidence index fell to -27.8 in June from -24.6 in the preceding month.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Home improvement retailer Lowe's Cos., Inc. reported Wednesday an increase in earnings per share for the second quarter that also topped analysts' estimates. However, quarterly sales edged down and missed expectations. The company also reaffirmed its guidance range for the full-year 2022. While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided financial outlook for the third and the fourth quarters as well as slashed its guidance for the full-year 2023. For the third quarter, the company projects earnings in a range... American Airlines announced an agreement to purchase up to 20 Overture supersonic jets, the world's fastest airliner, from transportation start-up Boom Supersonic, with an option for an additional 40. Overture, which is expected to carry passengers at twice the speed of the fastest commercial aircraft available at present, would provide an important new speed advantage to American's fleet.
Follow RTT