Slovakia Consumer Morale Weakens in October

Slovakia’s consumer confidence indicator dropped to -28.2 in March 2026 from -25.0 in the previous month. This marked the lowest reading  since March 2023, placing it 8.3 points below the long-term average signaling a deterioration in household sentiment. The overall drop was driven by households more pessimistic view of the general economic outlook (-45.7 vs -38.2 in February) and expressed heightened concern over future unemployment (38.8 vs 33.3) signaling increased anxiety about economic conditions and job security. Meanwhile, consumers were slightly less negative in their assessment of their household financial situation, including both their current finances (-12.0 vs -12.3) and expectations for savings (-16.1 vs -16.2), suggesting some resilience despite the broader decline in confidence.

Slovakia’s consumer confidence indicator rose to -25 in February 2026 from -26.7 in the previous month, though it remained 5.1 points below its long-term average. Sentiment improved as households took a less pessimistic view of the general economic outlook (-38.2 vs -42.6 in January) and their savings position (-16.2 vs -20.8). In contrast, expectations for their financial situation deteriorated further (-12.3 vs -11.7), while concerns about unemployment increased (33.3 vs 31.5). Among other indicators, consumers were also less negative about major purchases (-19.2 vs -19.7), though sentiment remained unfavorable, while inflation expectations ticked up (30.7 vs 30.6).

Slovakia’s consumer confidence indicator dropped to -26.7 in January 2026 from -22.4 in the previous month. This marked the lowest reading since March 2023 and currently 6.6 points below the long-term average, as sentiment deteriorated across all four components of the indicator. Consumers viewed the development of unemployment particularly negatively (31.5 vs 24.5 in December), pointing to rising concerns about job security. They also became more pessimistic about the evolution of their savings (-20.8 vs -16.1). In addition, worries increased about the forthcoming development of the overall economic situation (-42.6 vs -39.5), as well as about their own financial position (-11.7 vs -9.6). Among other indicators, consumers continued to see it as an unfavorable time to make major purchases (-19.7 vs -19.9) and prices are expected to rise further (30.6 vs 27.8).