The industrial confidence indicator in Slovakia slumped 9.4 points to -5.7 in March 2019 from 3.7 in the previous month. It was the lowest reading since June 2013, mainly due to a decrease in production expectations over the next three months (-6 vs 17 in February). In addition, there was a deterioration in order books (-8 vs -6) and employment outlook (-18 vs -12). 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 -4.00 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 -7.00 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.