In February 2020 the sentiment indicator was 1.1 percentage point higher at the monthly level and 3.9 percentage points lower at the annual level.
The sentiment indicator at the monthly level higher
The value of the sentiment indicator in February 2020 (at 5.1 percentage points – p.p.) increased by 1.1 p.p. compared to January 2020 (at 4.0 p.p.).
The monthly increase was influenced by confidence indicators in retail trade (by 1.0 p.p.) and manufacturing (by 0.7 p.p.). On the other hand, there was a negative influence of the confidence indicators among consumers (by 0.4 p.p.), in services and in construction (each by 0.1 p.p.).
The economic sentiment at the annual level lower
In February 2020 the sentiment indicator decreased by 3.9 p.p. over February 2019.
The annual decline was influenced by four confidence indicators: among consumers (by 1.9 p.p.), in services (by 1.7 p.p.), in manufacturing (by 0.6 p.p.) and in construction (by 0.5 p.p.). The confidence indicator in retail trade had a positive influence (by 0.9 p.p.) on the monthly change of the sentiment indicator.