The industrial confidence indicator in Slovakia increased to -10 in June of 2020 from -28.7 in the previous month, mainly due to improvements in expectations for production (24 vs -13 in May) and orders (-45 vs -69), namely export orders (-36 vs -58). Meanwhile, prospects for employment worsened a bit (-34 vs -30)

Business Confidence in Slovakia averaged 0.45 points from 1993 until 2020, reaching an all time high of 22.30 points in May of 2007 and a record low of -42.30 points in April of 2020. 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. Slovakia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistical Office of the Slovak Republic

Business Confidence in Slovakia is expected to be -22.00 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 -12.00 in 12 months time. In the long-term, the Slovakia Business Confidence is projected to trend around -7.00 points in 2021 and -4.00 points in 2022, according to our econometric models.

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Slovakia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-10.00 -28.70 22.30 -42.30 1993 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-30 07:00 AM Mar -3 -1.3 -8
2020-04-29 07:00 AM Apr -42.3 -3 -10
2020-05-29 07:00 AM May -28.7 -42.3 -40.8
2020-06-29 07:00 AM Jun -10 -28.7 -22
2020-07-29 07:00 AM Jul -10
2020-08-28 07:00 AM Aug
2020-09-28 07:00 AM Sep -19
2020-10-29 08:00 AM Oct


News Stream
Slovak Business Sentiment Rises Further in June
The industrial confidence indicator in Slovakia increased to -10 in June of 2020 from -28.7 in the previous month, mainly due to improvements in expectations for production (24 vs -13 in May) and orders (-45 vs -69), namely export orders (-36 vs -58). Meanwhile, prospects for employment worsened a bit (-34 vs -30).
2020-06-29
Slovakia Business Confidence Up from Record Low
The industrial confidence indicator in Slovakia went up to -28.7 in May of 2020 from -42.3 in the previous month, which was the lowest on record. Expectations improved for production (-13 vs -63 in April) and employment (-30 vs -33); and the current assessment of new export orders (-58 vs -68) and stock of finished products (4 vs -6) increased.
2020-05-29
Slovak Business Morale Weakest on Record
The industrial confidence indicator in Slovakia declined to -42.3 in April 2020 from -3 in the previous month. It was the lowest reading on record, as current assessment deteriorated for output (-75 vs -4 in March), new export orders (-68 vs -16) and stock of finished products (-6 vs 3). Also, expectations regarding production (-63 vs 10) and employment (-33 vs -3) weakened.
2020-04-29
Slovak Business Sentiment Deteriorated in March
The industrial confidence indicator in Slovakia dropped to -3 in March 2020 from -1.3 in the previous month, as current assessment deteriorated for output (-4 vs 9 in February) and new export orders (-16 vs -14). Additionally, expectations regarding production (10 vs 14) and employment (-3 vs -2) weakened. Meanwhile, stock of finished products increased (3 vs 2).
2020-03-30

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.