The industrial confidence indicator in Slovakia slipped 9.0 points to -14.7 in April 2019 from -5.7 in the previous month. It is the lowest reading since November 2012, mainly attributable to a sharp decline in production expectations over the next three months (-36 from -6 in March). Also, there was a deterioration in employment outlook (-21 from -18). On the other hand, slight improvements were seen in order books (-7 from -8) and export order books (-4 from -8). Business Confidence in Slovakia averaged 0.87 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 -6.00 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.