Slovakia Consumer Morale Lowest Since March 2023

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).

Slovakia’s consumer confidence indicator rose to -22.4 in December 2025 from -24.6 in the previous month. This marked the highest reading since September, as confidence improved across three of the four components of the indicator. Households assessed the expected development of their financial situation more optimistically, both in terms of their overall finances (-9.6 vs -12.9 in November) and their ability to save (-16.1 vs -18.9). Expectations around unemployment (24.5 vs 27.2) also became more favorable. On the other hand, concerns about the future development of the overall economic situation deepened (-39.5 vs -39.2).

Slovakia’s consumer confidence indicator declined to -24.6 in November 2025 from -22.8 in the previous month, reaching its lowest level since March 2023. The deterioration was largely attributed to a weaker assessment of households’ savings expectations (-18.9 vs -14.3 in October) and a more pessimistic outlook on household finances (-12.9 vs -10.8). At the same time, concerns about unemployment increased slightly (27.2 vs 27.1), while sentiment regarding the overall economic situation continued to deteriorate (-39.2 vs -39.0).