The industrial confidence indicator in Slovakia rose by 6.4 points to 2.7 in June of 2019 from -3.7 in the previous month. It was the highest reading since February, mainly due to an increase in production expectations over the next three months (32 from 6 in May). Meanwhile, there was a deterioration in order books (-18 from -14) and employment (-27 from -21) while export order books was unchanged (at -25). 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.