The sentiment indicator lower at the monthly level
In June 2019 the value of the sentiment indicator (at 5.4 percentage points – p.p.) decreased by 2.3 p.p. compared to May (at 7.7 p.p.).
The confidence indicators in manufacturing and retail trade had a negative impact on the sentiment indicator at the monthly level (by 2.5 and by 0.4 p.p., respectively). The confidence indicators among consumers and in services had a positive impact (by 0.4 and by 0.2 p.p., respectively), while the construction confidence indicator remained stable.
Sentiment indicator deteriorated at the annual level
In June 2019 the value of the sentiment indicator decreased by 8.0 p.p. over June 2018.
The manufacturing confidence indicator had the greatest impact (by 4.8 p.p.) on the deterioration of the sentiment indicator at the annual level. The confidence indicators in services (by 1.2 p.p.), among consumers (by 1.1 p.p.), in construction (by 0.6 p.p.) and in retail trade (by 0.2 p.p.) also had a negative impact.