The industrial confidence indicator in Slovakia jumped to 1 in September 2019 from -8 in the previous month. It was the highest reading in business morale since February, amid improvements in production expectations (20 vs -10 in August). Also, prospects for selling prices (-4 from -9) slightly increased. On the other hand, new orders (-16 vs -12); new export orders (-18 vs -15); stock of finish products (1 vs 2) and employment expectations (-23 vs -17) deteriorated. Business Confidence in Slovakia averaged 0.79 Index Points from 1993 until 2019, reaching an all time high of 22.30 Index Points in May of 2007 and a record low of -26.30 Index Points in May of 2009.
Business Confidence in Slovakia is expected to be -8.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Slovakia to stand at -6.00 in 12 months time. In the long-term, the Slovakia Business Confidence is projected to trend around -4.00 Index Points in 2020, according to our econometric models.