The industrial confidence indicator in Slovakia fell to -2 in January of 2019 from 1.3 in the previous month. It was the lowest reading since January of 2018, as expectations dropped for production (-3 from 8 in December); selling price (-13 from 2) and employment (-8 from 0). In addition, new orders (-5 from -2) and new export orders (-6 from -1) decreased further while the assessment of current production rose to 36 in January from 11 in December. Business Confidence in Slovakia averaged 0.92 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 2.10 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 2.20 in 12 months time. In the long-term, the Slovakia Business Confidence is projected to trend around 1.00 Index Points in 2020, according to our econometric models.