The consumer confidence indicator in Slovakia fell by 0.4 points to -6.6 in May 2019 from -6.2 in the previous month, mostly due to a deterioration in expectations regarding household's financial situation (-1 from -0.2 in April) and the saving perspectives of households (-14.2 from -13.3). Also, consumers predicted an increase in unemployment (2 from 0.5). On the other hand, expectations regarding the country's economic situation improved slightly (-9.1 from -10.8). Consumer Confidence in Slovakia averaged -19.77 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 -7.20 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.