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Industrial confidence indicator in November 2019

Industrial confidence indicator in November 2019

Last update: 28.11.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 28.11.2019


In November, the confidence indicator in industry increased by 11,7 p.p. to the value -1. The development of the indicator was favourably influenced by all the three indicators, mainly the increase of the expected production over the next three months and the increase of orders.

In November compared with October, the industrial production trend increased by 20 p.p. to 7. An increase was recorded mainly in manufacture of machinery and equipment n.e.c, other non-metallic products and transport equipment. A decrease of the industrial production was reported, on the contrary, mainly by the respondents in the chemical industry and in manufacture of basic metals and fabricated metal products. The business balance of the aggregate orders increased by 5 p.p. to -15. The increase of orders (weighted by production) was recorded in the majority of groups, mainly in manufacture of textiles and apparel, pharmaceutical products and machinery and equipment n.e.c. There was a decrease of orders only in other manufacture, repair and installations and wood and paper products. The majority of respondents (82 %) consider the current level of orders to be sufficient. Compared with October, the balance of foreign orders increased by 3 p.p. to -18.  The increase of foreign orders is assumed mainly in manufacture of textiles and apparel and in other manufacture, repair and installations. A decrease of foreign orders was stated, on the contrary, mainly in manufacture of food and other non-metallic products. The share of respondents considering the level of foreign orders to be sufficient reached 82 %. In November, the balance of the finished goods stock decreased by 2 p.p. to -1. A decrease of the stock of goods was reported by respondents mainly in manufacture of wood and paper products and in the chemical industry. Respondents report the growth of the stock mainly in other manufacture, repair and installations. The majority of respondents (96 %) consider the total stock to be sufficient. Compared with the previous month, the balance of the industrial production over the next three months, increased by 28 p.p. to 11. The increase of the production is assumed mainly in manufacture of transport equipment, wood and paper products and in the chemical industry, by size groups in enterprises employing 250 to 499 people and by regions, in Bratislava and Banská Bystrica. A decrease of the production is expected mainly in manufacture of computer, electronic and optical products and in machinery and equipment n.e.c. In November, the balance of the expected development of industrial products prices, increased by 5 p.p. to -4. A price increase is expected mainly in manufacture of other non-metallic products and wood and paper products. A price decrease is assumed mainly in manufacture of textiles and apparel and food. In November compared with October, the balance of the employment increased by 5 p.p. to -17. A higher number of employees is assumed mainly in manufacture of textiles and apparel and in other manufacture, repair and installations, by size groups, in enterprises employing 100 to 249 people and by regions, in Košice. On the contrary, a decrease of the employment is expected mainly in manufacture of computer, electronic and optical products and other non-metallic products, by regions, in Trenčín and Trnava. 69 % of respondents assume a stabilization of employment.


Note: *In November 2019, 504 respondents were participated in survey which represents the whole industry.
The values of the confidence indicator in industry and the balances range from -100 (responses of all respondents are pessimistic) to 100 (responses of all respondents are optimistic) however, the balance of the finished goods stock shall be interpreted in the opposite way. Data are seasonally adjusted.

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