Business News

Business sentiment down in October

Ljubljana, 23 October (STA) - Business sentiment in Slovenia deteriorated in October after improving for five consecutive months. The sentiment indicator stood at -6.6 percentage points, down 2.4 points on September and 10.7 points year-on-year. The latest figure is 6.7 points below the long-term average, said the Statistics Office on Friday.

The monthly decrease was caused by poorer consumer confidence, where the indicator was down by 1.1 p.p., and the services sector and retail, where the indicator lost 0.7 of a percentage point.

The indicator of confidence in construction had a small but positive influence (+0.1 p.p.) on the business sentiment, while the manufacturing sector had no influence at all.

The annual drop is attributed to the drops in the indicators of trust in the services sector and among consumers, by 6.9 and 3.7 p.p., respectively, and in retail and construction by 0.9 and 0.3 p.p. respectively.

The manufacturing confidence indicator had a positive impact, by 1 percentage point.

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