Slovakia Business Confidence in April at 1-year High
The industrial confidence indicator in Slovakia increased by 6 points from a month earlier to -0.3 in April, a survey from the Bratislava-based Slovak Statistical Office (SÚSR) showed.
This was the highest reading since April 2023, mainly influenced by the growth of orders (-3 vs -16), particularly in the manufacture of transport equipment, and the expected production for the next three months (27 vs 22), data showed.
Moreover, increases were observed in both export order books (-12 vs -21) and selling prices (5 vs 1), while stocks of finished products remained unchanged (25). On the other hand, current production deteriorated (-10 vs 12). Consumer confidence in the Slovak economy improved slightly in April as well.
With a month-on-month growth by 2.4 points, the level of the consumer confidence indicator (seasonally adjusted) increased to -8.6. It exceeded the long-term average by 11.6 points.
Consumers evaluated all four components of the indicator more positiv ely. They expect a more favorable development of unemployment as well as the financial situation of households. At the same time, they believe in the improvement of the development of the general economic situation and were more optimistic when evaluating the expected creation of savings.
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