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Slovakia Business Confidence Rises in November

Analysis

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The industrial confidence indicator in Slovakia increased by 4 points from a month earlier to -6 in November, marking the highest reading in three months, survey data from the Slovak Statistical Office (SÚSR) showed on Wednesday.

The improvement was influenced by a significant rebound in expected industrial production (17 vs -1 in October), particularly in other manufacture, repair and installations.

Additionally, there was a positive shift in expectations regarding selling prices (7 vs -2). On the other hand, stocks of finished goods continued to rise (20 vs 18), while current order level experienced a further decline (-15 vs -11).

Data also showed, that consumer confidence in Slovakia increased by 2.4 percentage points to -16.3 in November. It was the highest reading since March 2020, as expectations were less negative for general economic situation (-27.4 vs -29.3 in October), household financial situations (-9.1 vs -10.3), and future household savings (-16.2 vs -18.7).

Meanwhile, worries regarding unemployment decreased (12.5 vs 16.3). 

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