In November, the seasonally adjusted three-months moving average of the economic sentiment indicator (ESI), slightly decreased by 1,8 points to 86,6 after four-month growth. The confidence decreased significantly in services, slightly in trade and marginally among consumers. In spite of that, it slightly rose in industry and in construction. ESI is currently lagging behind the long-term average by 12,2 points and it is below the value of the corresponding period last year by 16,7 points.

In November, the confidence indicator in industry increased by 3 percentage points (p. p.) to 7 after seasonal adjustment. The development of the indicator was favourably influenced mainly by the improved level of orders and the decrease of the goods stock. In November compared with the previous month, the seasonally adjusted confidence indicator in construction increased by 1,5 points to -48,0 due to more favourable evaluations of the expected employment. The current result is below the long-term average by 24 points. In November compared with October, confidence indicator in trade dropped by 1,7 p. p. to 1,3 due to negative evaluations of the current business activities (from seasonally adjusted data). In November, the seasonally adjusted confidence indicator in services decreased again, its value (-29) dropped by 17 percentage points compared with October. The indicator´s development was affected by more negative evaluations of all its three components.

At the beginning of November, the consumer mood in Slovakia was again slightly more pessimistic than in the previous month. The seasonally adjusted indicator of consumer confidence, decreased month-on-month by 0,9 points to -34,6. The indicator deteriorated for the third month in a row, after a gradual, slow five-month improvement followed by a deep slump in April. Compared to the previous month, respondents were more pessimistic in the expectations of unemployment and the general economic situation, while their expectations of the financial situation of households and household savings remained virtually unchanged. Compared with the situation last year, the respondents were more pessimistic by 25,6 points and the current result is below the long-term average by 15,6 points.