Business News

Consumer Confidence Flat in February

Ljubljana, 21 February (STA) - Consumer confidence remained on part with the month before in February, mostly due to optimistic outlooks regarding employment and finances. The index was two percentage points higher year-on-year, but one point lower than last year's average, the Statistics Office said on Tuesday.

In February, optimism regarding the financial state of households, the general economic situation and the unemployment outlook for the next 12 months outweighed the five-point drop in the outlook for saving in the next 12 months.

The index comparing the financial state of households to that of 12 months ago meanwhile hit the lowest level since June 2008.

The annual price comparison index was as much as nine points higher than in January and five points higher than last year's average. However, the index was seven percentage points lower year-on-year.

As many as 38% of the respondents said that prices were much higher than 12 months ago, 38% said they were somewhat higher, 15% that they were slightly higher, 9% that they were roughly the same and 1% that prices fell slightly.

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