The consumer confidence indicator in Slovakia increased to -3.7 in June of 2019 from -6.6 in the previous month. It was the highest reading since December of 2018, mainly due to an improvement in expectations regarding household’s financial situation (0.7 from -1 in May); the country’s economic situation (-7 from -9.1); prospects savings (-10.6 from -14.2) and unemployment (-2 from 2). Consumer Confidence in Slovakia averaged -19.71 Index Points from 1997 until 2019, reaching an all time high of 6.50 Index Points in December of 2006 and a record low of -49.40 Index Points in August of 1999.
Consumer Confidence in Slovakia is expected to be -7.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Slovakia to stand at -9.00 in 12 months time. In the long-term, the Slovakia Consumer Confidence is projected to trend around -7.00 Index Points in 2020, according to our econometric models.