The industrial confidence indicator in Slovakia fell by 1.1 percentage points from the previous month to -5.3 in February of 2021. It was the lowest reading since September last year, mainly due to an increase in the stock of finished products (7 vs -3 in January) and a decline in employment prospects (-13 vs -10). Meanwhile, expectations regarding production over the next three months remained unchanged (at 6) while those for selling prices improved (-1 vs -13). source: Statistical Office of the Slovak Republic

Business Confidence in Slovakia averaged 0.40 points from 1993 until 2021, 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 March of 2021.

Business Confidence in Slovakia is expected to be -2.00 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 -0.50 in 12 months time. In the long-term, the Slovakia Business Confidence is projected to trend around 0.50 points in 2022, according to our econometric models.

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Slovakia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 -4.30 22.30 -42.30 1993 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 08:00 AM Nov 7 4 1
2020-12-28 08:00 AM Dec -0.3 7 5
2021-01-28 08:00 AM Jan -4.3 -0.3 -1.5
2021-02-25 08:00 AM Feb -5.3 -4.3 -3.5
2021-03-30 07:00 AM Mar -5.3
2021-04-29 07:00 AM Apr
2021-05-28 07:00 AM May
2021-06-29 07:00 AM Jun


News Stream
Slovak Business Sentiment Falls to 5-Month Low
The industrial confidence indicator in Slovakia fell by 1.1 percentage points from the previous month to -5.3 in February of 2021. It was the lowest reading since September last year, mainly due to an increase in the stock of finished products (7 vs -3 in January) and a decline in employment prospects (-13 vs -10). Meanwhile, expectations regarding production over the next three months remained unchanged (at 6) while those for selling prices improved (-1 vs -13).
2021-02-25
Slovak Business Sentiment at 4-Month Low
The industrial confidence indicator in Slovakia fell by 4 percentage points from the previous month to -4.3 in January of 2021. It was the lowest reading since September last year, mainly due to a decrease in orders (-22 vs -10 in December) and a deterioration in production expectations over the next three months (6 vs 10). Also, prospects regarding employment (-10 vs -1) and selling prices (-13 vs -3) deteriorated significantly.
2021-01-28
Slovak Business Sentiment Weakens in December
The industrial confidence indicator in Slovakia decreased by 7.3 percentage points from the previous month to -0.3 in December of 2020, mainly due to a deterioration in production expectations over the next three months (10 vs 34 in November) and an increase in stocks of finished products (1 vs -2). Meanwhile, prospects regarding employment went up (-1 vs -9).
2020-12-28
Slovak Industry Sentiment Jumps to 2-1/2-Year High
The industrial confidence indicator in Slovakia climbed 13 percentage points from the previous month to +4 in October 2020, the highest level since April 2018, due to an improvement in production expectations over the next three months (+35 vs +1 in September). There were also increases in sub-indexes measuring current production assessment (+39 vs +37), order books (-22 vs -25) and export orders (-22 vs -24). Meanwhile, employment expectations remained well below pre-pandemic levels.
2020-10-29

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.