Slovakia’s industrial confidence indicator dropped by 4 points month-on-month to -0.3 in January 2026, reversing from a 3.7 increase in the previous month. The employment outlook turned negative (-6 vs 2), while the assessment of current export orders dropped further (-18 vs -15). Expected production also became less optimistic (17 vs 29), particularly in food, beverages, and tobacco products (-17 vs 4) and chemicals and chemical products (-42 vs -11). Meanwhile, assessment on current level of orders became less pessimistic (-14 vs -18), as well as the current industrial production (-5 vs -15). In addition, selling price expectations turned positive (6 vs -1), and finished goods stocks improved to 4 from 0.