Slovakia Consumer Confidence Weakens Further

Slovakia’s consumer confidence indicator fell to -28 in August 2026 from -27.4 in the previous month, marking its lowest level since May. The reading was 8.1 points below the long-term average and 3.6 points lower than a year earlier, pointing to a further deterioration in consumer sentiment. That was mainly due to increased pessimism about unemployment prospects (35.4 vs 33.2 in July) and expectations for savings (-22.6 vs -21.3). However, sentiment toward households’ expected financial situation improved slightly (-12.5 vs -13.2), as did the outlook for the broader economy (-41.3 vs -41.8). Among other indicators, inflation expectations eased marginally (32.4 vs 33), while sentiment toward major purchases in the future also improved (-24.9 vs -25.7).

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).