The consumer confidence indicator in Slovakia increased to -3.2 in November 2018 from -3.5 in the previous month. It was the highest reading since September 2017, as both unemployment expectations (-10.1 from -8.6 in October) and savings prospects (-13.6 from -14) improved. On the other hand, a deterioration was seen for the country’s economic situation (-8.4 from -7.9), while expectations regarding financial household situation remained unchanged at -0.8, the same as in October. Consumer Confidence in Slovakia averaged -20.08 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 -5.50 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.