Sentiment indicator deteriorated at the monthly level
In August 2019 the value of the sentiment indicator (at 6.0 percentage points – p.p.) decreased by 0.8 p.p. compared to July 2019 (at 6.8 p.p.).
The monthly decrease in the sentiment indicator was influenced by the services confidence indicator (by 0.6 p.p.), the confidence indicator among consumers (by 0.3 p.p.) and the confidence indicator in manufacturing (by 0.1 p.p.). The confidence indicator in retail trade had a positive influence (by 0.3 p.p.), while that in construction had no impact.
Sentiment indicator deteriorated also at the annual level
The sentiment indicator decreased by 4.6 p.p. at the annual level.
This decrease was influenced by four indicators out of five; the manufacturing confidence indicator (by 2.5 p.p.), and also the confidence indicators in services (by 1.6 p.p.), in construction (by 0.7 p.p.) and among consumers (by 0.5 p.p.).The confidence indicator in retail trade had a positive influence (by 0.6 p.p.).