Slovakia Consumer Morale Falls to Over 3-Year Low

Slovakia’s consumer confidence indicator edged down to -27.4 in July 2026 from a four-month high of -27.3 in the previous month. Consumers became more pessimistic about their households’ future financial situation (-13.2 vs. -11.3 in June), while expectations for household savings also deteriorated (-21.3 vs. -19.1). Assessments of consumers’ past financial situation were likewise more negative (-16.0 vs. -15.1). Meanwhile, expectations for unemployment improved notably (33.2 vs. 36.2), while expectations for the general economic outlook became less pessimistic (-41.8 vs. -42.4). Assessments of the past economic situation also improved (-53.7 vs. -54.0). On the inflation front, perceptions of past price growth continued to ease (41.5 vs. 42.4).

Slovakia's consumer confidence indicator rose to -27.3 in June 2026 from a more than three-year low of -28.3 in the previous month. It marked the highest level since February, mainly driven by less pessimistic expectations regarding households' future financial situation (-11.3 vs -13.4 in May) and a more favorable assessment of their past financial situation (-15.1 vs -17.2). Consumers were also less negative about the country's future economic outlook (-42.4 vs -44.0), although their assessment of the past economic situation deteriorated slightly (-54.7 vs -53.6). Expectations for unemployment improved (36.2 vs 36.6), while expectations for household savings were marginally less negative (-19.1 vs -19.3). On the inflation front, perceptions of past price growth eased (42.4 vs 45.1), while inflation expectations also softened notably (36.6 vs 40.8).

Slovakia’s consumer confidence indicator dropped to -28.3 in May 2026 from -27.4 in the previous month. This marked the lowest reading since March 2023, signaling a weaker household sentiment. The overall drop was driven by households more pessimistic view for savings (-19.3 vs -14.1 in April) and rising concerns about current financial conditions (-13.4 vs -12.5). Meanwhile, consumers were slightly less negative in their assessment of the general economic outlook (-44.0 vs -45.9), suggesting some resilience despite the broader decline in confidence. Concerns over future unemployment also eased marginally (36.6 vs 37.1). Among other indicators, concerns about their past financial situation continued to deteriorate (-17.2 vs -15.5).