The industrial confidence indicator in Slovakia rose by 3 points to -8 in August 2019 from a downwardly revised -11 in the previous month. Improvements were seen in production expectations over the next three months (-10 from -17 in July); new orders (-12 from -17); export orders (-15 from -19); employment (-16 from -26) and stocks of finished products (2 from -1). Meanwhile, prospects for selling prices (-9 from -8) slightly deteriorated. Business Confidence in Slovakia averaged 0.79 Index Points from 1993 until 2019, reaching an all time high of 22.30 Index Points in May of 2007 and a record low of -26.30 Index Points in May of 2009.
Business Confidence in Slovakia is expected to be -8.00 Index 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 -6.00 in 12 months time. In the long-term, the Slovakia Business Confidence is projected to trend around -4.00 Index Points in 2020, according to our econometric models.