The industrial confidence indicator in Slovakia fell by 13.4 points from a month earlier to -9.7 in May 2023. Pessimism among manufacturers was mainly due to a sharp drop in production expectations (3 vs 30 in April), particularly in manufacture of computers, electronic and optical products (-16 vs 89) transport equipment (-33 vs 28) and wood & paper products (-16 vs 0). source: Statistical Office of the Slovak Republic

Business Confidence in Slovakia averaged 0.15 points from 1993 until 2023, 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 June of 2023.

Business Confidence in Slovakia is expected to be -14.00 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 -6.00 points in 2024 and 1.00 points in 2025, according to our econometric models.

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Slovakia Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 07:00 AM Apr 3.7 -6.3 -4.8
2023-05-30 07:00 AM May -9.7 3.7 3.3
2023-06-29 07:00 AM Jun -9.7 -14


Related Last Previous Unit Reference
Business Confidence -9.70 3.70 points May 2023
Industrial Production 2.50 -4.70 percent Mar 2023
Manufacturing Production 3.30 -2.00 percent Mar 2023
Factory Orders 12.80 5.90 percent Mar 2023
Electricity Production 2591.00 2507.00 Gigawatt-hour Mar 2023
New Orders 6482.70 5962.30 EUR Million Mar 2023
Changes in Inventories -0.33 1.31 EUR Billion Dec 2022
Mining Production 179.30 1.80 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-9.70 3.70 22.30 -42.30 1993 - 2023 points Monthly
SA

News Stream
Slovakia Business Morale Deteriorates in May
The industrial confidence indicator in Slovakia fell by 13.4 points from a month earlier to -9.7 in May 2023. Pessimism among manufacturers was mainly due to a sharp drop in production expectations (3 vs 30 in April), particularly in manufacture of computers, electronic and optical products (-16 vs 89) transport equipment (-33 vs 28) and wood & paper products (-16 vs 0).
2023-05-30
Slovakia Business Morale Recovers in April
The industrial confidence indicator in Slovakia increased by 10 points to 3.7 in April 2023. It was the first positive assessment after ten months of negative readings, as businesses were more optimistic in all three indicators: production expectations (30 vs 13 in March), particularly in the manufacture of computers, electronic and optical products and electrical equipment; new orders (-8 vs -17), mainly in other manufacture and repair and installations; and expected selling prices (13 vs 9).
2023-04-27
Slovakia Business Mood Surges to 8-Month High
The industrial confidence indicator in Slovakia rose sharply by 8.4 points to -6.3 in March 2023, its highest since July last year. Optimism among manufacturers was mainly attributed to the increase in expected production (13 vs 0 in February), mainly in other manufacture, repair and installation, and in manufacture of basic metals and fabricated metal products; and new orders (-17 vs -21), mostly in production of computers, electronic and optical products, machines and equipment not classified elsewhere, and in the pharmaceutical industry. At the same time, prospects for employment went up to 4 from 2. Meanwhile, stocks of finished goods dropped (15 vs 23), particularly in manufacture of transport equipment, while selling price expectations worsened (9 vs 23).
2023-03-30