Consumer confidence improves in May


Consumer confidence improves in May

Ljubljana, 21 May (STA) - Consumer confidence in Slovenia improved in May, as the relevant indicator was up by seven percentage points compared to April and 17 points higher than in the same month last year. It also surfaced above the long term average for the first time since early-2020, the Statistics Office said on Friday.

Among the components that constitute the consumer confidence indicator, consumers' expectations regarding the economic situation in the country improved the most, by 19 percentage points.

Also improved were expectations related to major purchases (by six points) and the financial situation in households (by two points).

On the other hand, consumers were more pessimistic about the current financial situation in households, with the relevant sub-indicator dropping by one percentage point.

Slovenian consumers seem to expect higher inflation, as the indicator price trend over the next 12 months is currently at its highest level since July 2013, the Statistics Office said.

Year-on-year, consumer confidence indicator in May was up by 17 percentage points, mostly due to higher expectations regarding the economic situation in the country (up 38 points) and the financial situation in households (up 19 points).

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