Slovakia: Economic sentiment eases in May
Latest reading: Economic sentiment fell to 91.4 in May from April’s 93.3. May’s result marked the worst performance since July 2023. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the services and construction sectors and dampened confidence in the retail sector. Meanwhile, sentiment among consumers improved and sentiment in the industrial sector was unchanged.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in May.