Slovakias consumer confidence deteriorates further in October 2012.

By bne IntelliNews November 22, 2012
Slovakias consumer sentiment deteriorated for the sixth month in a row in October 2012, reaching its lowest level since December 2011, a survey by the statistics office showed. According to the survey, carried out on a representative sample of 1,149 respondents in early October, the consumer confidence indicator fell to -38 points in October from -31.6 points in the previous month. The October confidence indicator remained below the long-term average and was by 15 points lower than three months ago and by 7.9 points below the year-ago level. The reasons for the deteriorating consumer confidence include rising concern in all evaluated components of the indicator, such as the expected development of unemployment, the economic situation in the country, the expected development of the financial situation and the possibility for household savings.

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