Ljubljana, 24 May (STA) - Business sentiment rose one percentage point in May over April and was up six points year-on-year. However, it was three points lower than the long-term average, the Statistics Office said on Tuesday.
Business sentiment in manufacturing was down two percentage points in May over April, but up five points compared to the same month last year and seven points above the long-term average.
Expectation indicators, bar the total demand indicator, which remained level, were down on the monthly level.
Business confidence in retail was up three points in May over April, increased by 13 points year-on-year and stood eight points above the long-term average.
Retailers listed competition as the main limiting factor (45% of retailers), which was followed by low demand (42%) and high labour costs (42%). Only 11% did not state any limiting factors.
Business confidence in construction increased by five points on the monthly level and by 14 points year-on-year. However, it was still far below the long-term average (32 percentage points).
Competition was the main limiting factor in the sector (54% of companies), followed by poor demand (53%) and high labour costs (39%).
Business confidence in services decreased by two percentage points on the monthly level and was 16 points below the long-term average, while it grew by seven points year-on-year.
Poor demand was listed as the main limiting factor in services (45% of companies), followed by financial constraints (34%) and other limitations (16%).