The confidence of retail businesses is increasing in Lithuania while decreasing in the EU

2018-10-31 Lithuania Economic sentiment indicators

In October the confidence of retail businesses in Lithuania increased considerably compared to the same month last year, up from 4.8 to 12.7.

In the same time, EU countries retail businesses confidence have decreased slightly, down from 3.1 to 2.3 on average.

Lithuania now has the eighth highest confidence of retail businesses in the EU compared to the other 28 countries. Slovakia has the highest confidence of retail businesses (27.2 points), while Belgium ranks last (-17.5 points).

The confidence of retail businesses is increasing in Lithuania while decreasing in the EU

Confidence of retail businesses in EU countries

The whole country2018 (October)2017 (October)Change
Austria-12.4-6.6-5.8
Belgium-17.5-7.4-10.1
Bulgaria1818.3-0.3
Croatia713.4-6.4
Cyprus2.57.5-5
Czech Republic20.220.6-0.4
Denmark6.98.4-1.5
Estonia5.914.1-8.2
Finland12.85.7+7.1
France-6.4-0.4-6
Germany-5.4-2.3-3.1
Greece16.42+14.4
Hungary12.110.2+1.9
IrelandData is missingData is missingData is missing
Italy2.614.3-11.7
Latvia6.64.9+1.7
Lithuania12.74.8+7.9
LuxembourgData is missingData is missingData is missing
Malta-0.516.4-16.9
Netherlands10.413.7-3.3
Poland4.56.6-2.1
Portugal2.52.8-0.3
Romania10.210.4-0.2
Slovakia27.218.8+8.4
Slovenia17.627.4-9.8
Spain9.510.6-1.1
Sweden15.315.5-0.2
United Kingdom9.9-5+14.9

About the retail indicator

This indicator is based on businesses surveyed on business situation, stocks of goods, orders placed with suppliers and firm's employment.

For all surveys the difference between positive and negative answers (in percentage points of total answers) are averaged to calculate an indicator.


Notes
The economic sentiment indicator (ESI) is calculated as an index with mean value of 100 and standard deviation of 10 over a fixed standardised sample period.

Get the data
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The data has been gathered from Eurostat. Get the original data here.

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