The consumer confidence indicator in Slovakia decreased to -4.1 in July of 2019 from -3.7 in the previous month. The pessimistic expectations of unemployment among consumers were hampered by their optimistic expectations of the saving perspectives of households while their expectations of the financial situation of households and the general economic situation remained relatively unchanged. The respondents were less optimistic by 0,3 points than in the corresponding period last year and the current result is exceeding the long-term average. Consumer Confidence in Slovakia averaged -19.65 Index Points from 1997 until 2019, reaching an all time high of 6.50 Index Points in December of 2006 and a record low of -49.40 Index Points in August of 1999.
Consumer Confidence in Slovakia is expected to be -7.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Slovakia to stand at -9.00 in 12 months time. In the long-term, the Slovakia Consumer Confidence is projected to trend around -7.00 Index Points in 2020, according to our econometric models.