Page 41 - CE Outlook Regions 2023

The most significant factor affecting industrial production was lower
production in the supply of electricity, gas, and steam (28%).
Manufacture of transport equipment, which is overall the most influential
segment in the Slovak industry, grew by 1.7% y/y.

The Economic Sentiment Indicator (ESI) in December increased by 1.2
points m/m, but the ESI value of 88.8 points was among the lowest in
2022. The increase in confidence was in services, trade, and
construction, but pessimism in the industry deepened. The ESI value
was lower by 6 points y/y, and it was lagging behind the long-term
average by 13.7 points.

41 CE Outlook 2023 www.intellinews.com