The consumer confidence indicator in Slovakia fell to -3.7 in December of 2018 from -3.2 in the previous month. It was the lowest reading since July, as expectations regarding the country’s economic situation (-8.8 from -8.4 in November) and unemployment (-7.8 from -10.1) deteriorated. Meanwhile, improvements were seen for households financial situation (-0.4 from -0.8) and savings prospects (-13.2 from -13.6). Consumer Confidence in Slovakia averaged -20.02 Index Points from 1997 until 2018, 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 -3.50 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 -7.50 in 12 months time. In the long-term, the Slovakia Consumer Confidence is projected to trend around -10.00 Index Points in 2020, according to our econometric models.