The industrial confidence indicator in Slovakia went up to 1.7 in January of 2020 from -6 in December, reaching the highest value since February of 2019. Production expectations jumped (22 from 1) and employment was assessed less negatively (-7 from -23). Yet, sentiment improved among constructors (-6.5 from -9) and retailers (29 from 27) but worsened among service providers (2 from 7). Slovakia Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Slovakia averaged 0.72 points from 1993 until 2020, reaching an all time high of 22.30 points in May of 2007 and a record low of -26.30 points in May of 2009. This page provides the latest reported value for - Slovakia Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistical Office of the Slovak Republic

Business Confidence in Slovakia is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Slovakia to stand at -8.00 in 12 months time. In the long-term, the Slovakia Business Confidence is projected to trend around -4.00 points in 2021, according to our econometric models.


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Slovakia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
1.70 -6.00 22.30 -26.30 1993 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 08:00 AM Oct -12.3 1 -2
2019-11-28 08:00 AM Nov -1 -12.7 -9.8
2019-12-27 08:00 AM Dec -6 -2.7 -7
2020-01-29 08:00 AM Jan 1.7 -6 -4
2020-02-27 08:00 AM Feb 1.7 -5
2020-03-30 08:00 AM Mar -6
2020-04-29 07:00 AM Apr
2020-05-29 07:00 AM May


News Stream
Slovakia Business Confidence Highest in Nearly a Year
The industrial confidence indicator in Slovakia went up to 1.7 in January of 2020 from -6 in December, reaching the highest value since February of 2019. Production expectations jumped (22 from 1) and employment was assessed less negatively (-7 from -23). Yet, sentiment improved among constructors (-6.5 from -9) and retailers (29 from 27) but worsened among service providers (2 from 7).
2020-01-29
Slovakia Business Confidence Drops in December
The industrial confidence indicator in Slovakia decreased by 3.3 points to -6 in December 2019 from a downwardly revised -2.7 in the previous month. Expectations over the next three months deteriorated for production; new orders and the increase of the finished goods stock. Confidence deteriorated among retailers (27.0 vs 28.3 in November) and service providers (7.0 vs 9.3) while it was unchanged for constructors (at -9.0).
2019-12-27
Slovak Business Morale Improves in November
The industrial confidence indicator in Slovakia rose by 11.7 points to -1 in November of 2019 from a upwardly revised -12.7 in the previous month. Improvements were seen in production expectations over the next three months (11 from -17 in October); new orders (-15 from -20); export orders (-18 from -21); employment (-17 from -22) and selling prices (-4 from -9). Meanwhile, prospects for finished products (-1 from 1) slightly deteriorated.
2019-11-28
Slovak Business Morale Worsens to 6-Month Low
The industrial confidence indicator in Slovakia slumped by 13.3 points to -12.3 in October of 2019 from 1.0 in the previous month. It was the worst reading in business morale since April, as production expectations over the next three months plunged (-17 vs 20 in September) and the expected selling price decreased further (-8 vs -4). At the same time, both new orders (-19 vs -16) and new export orders (-21 from -18) dropped while stock of finished products was unchanged (at 1).
2019-10-29

Slovakia Business Confidence
In Slovakia, the confidence indicator in industry measures the level of optimism that companies have about the performance of the economy and how they feel about their organizations’ prospects. Statistical Office of the Slovak Republic confidence indicator in industry is a composite indicator calculated as an arithmetic average of balances of the demand, stock of finished goods (with an opposite sign) and the expected production.