Business Confidence in Slovakia increased to -7.70 points in September from -8 points in August of 2022. source: Statistical Office of the Slovak Republic

Business Confidence in Slovakia averaged 0.38 points from 1993 until 2022, 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 October of 2022.

Business Confidence in Slovakia is expected to be -10.00 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 2023, according to our econometric models.

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Slovakia Business Confidence

Calendar GMT Actual Previous Consensus TEForecast
2022-08-30 07:00 AM Aug -8 -2 -3.4
2022-09-29 07:00 AM Sep -7.7 -8 -10
2022-10-28 07:00 AM Oct

Related Last Previous Unit Reference
Business Confidence -7.70 -8.00 points Sep 2022
Industrial Production -6.40 -5.70 percent Jul 2022
Manufacturing Production -2.80 -2.50 percent Jul 2022
New Orders 4730.70 5560.30 EUR Million Jul 2022
Mining Production -3.40 4.30 percent Jul 2022
Electricity Production 2009.00 1899.00 Gigawatt-hour Jul 2022
Factory Orders -11.10 -17.90 percent Jun 2022
Changes in Inventories 1.21 0.97 EUR Billion Jun 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
-7.70 -8.00 22.30 -42.30 1993 - 2022 points Monthly

News Stream
Slovakia Industrial Confidence Retreats
The industrial confidence indicator in Slovakia fell to -2 in July of 2022, the lowest in five months, from -1.3 in June, mainly due to the increase in stocks of industrial products in manufacture of coke and refined petroleum products and other non-metallic products.
Slovak Business Morale at 4-Month Low
The industrial confidence indicator in Slovakia dropped sharply by 11.3 points to -1.3 in June of 2022, its lowest since February. Pessimism among manufacturers has been mainly attributed to a decline in new orders (8 vs 17), especially in manufacture of computers, electronic and optical products, and the fall in the expected production (5 vs 34) in the key car manufacturing. Also, sentiments deteriorated in the current assessment for stocks of finished goods (17 vs 21) and selling price expectations (35 vs 40). Meanwhile, prospects improved slightly regarding expected employment (15 vs 14).
Slovak Business Morale at 11-Month High
The industrial confidence indicator in Slovakia increased by 3.7 points to 10 in May of 2022, its highest since last June. Optimism among manufacturers has mainly been attributed to increased orders (17 points vs. 6 points a month earlier) and decreased finished goods stock (21 vs. 23 a month earlier). Meanwhile, production expectations fell slightly to 34 from 36.