Business Confidence in Slovakia decreased to 4.70 points in July from 10 points in June of 2021. source: Statistical Office of the Slovak Republic

Business Confidence in Slovakia averaged 0.46 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 July of 2021.

Business Confidence in Slovakia is expected to be -1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
4.70 10.00 22.30 -42.30 1993 - 2021 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 07:00 AM Apr 10.3 -3.7 1.3
2021-05-28 07:00 AM May 0.3 10.3 9.7
2021-06-29 07:00 AM Jun 10 0.3 1
2021-07-29 07:00 AM Jul 4.7 10 7
2021-08-27 07:00 AM Aug 4.7
2021-09-28 07:00 AM Sep
2021-10-29 08:00 AM Oct
2021-11-26 08:00 AM Nov

News Stream
Slovak Businesses More Optimistic in June
The industrial confidence indicator in Slovakia rose by 9.67 percentage points from the previous month to 10 in June of 2021, amid the further easing in Covid-19 restrictions. The indicator´s development was influenced mainly by the expected increase of production over the next three months (40 vs 17 in May). Meanwhile, prospects for employment (13 vs 15) and exports (9 vs 10) weakened slightly.
Slovak Businesses Less Optimistic in May
The industrial confidence indicator in Slovakia slumped by 10 percentage points from the previous month to 0.3 in May of 2021, mainly due to a 23 pp plunge in production expectations (17 from a 14-year high of 40 in April) and a 8 pp fall in production assessments (25 from 33). On the other hand, industrialists expressed improvements in order books (6 from -1), exports (10 from 6), and stock of finished products (22 from 8). Finally, respondents were more optimistic about expectations regarding selling prices (24 from 10) and employment (15 from 9).
Slovakia Business Morale at 4-Year High
The industrial confidence indicator in Slovakia rose by 14 percentage points from the previous month to 10.3 in April of 2021. It was the highest reading in industrial morale since February of 2017, driven by increases in the production trend (33 from 17 in March) and in orders (-1 from -18). Additionally, production expectations over the next three months rose to a near 14-year high of 40, from 15 in the prior month, while prospects about employment ( 9 from -6) and foreign orders (6 from -7) also improved significantly.
Slovak Business Sentiment Improves in March
The industrial confidence indicator in Slovakia rose by 1.6 percentage points from the previous month to -3.7 in March of 2021, mainly due to better expectations regarding production over the next three months (15 vs 6 in February). Meantime, prospects about employment (-6 vs -13) and selling prices (7 vs -1) also improved significantly.

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.