Business News

Consumer Confidence Plunges in April

Ljubljana, 23 April (STA) - Slovenia's consumer confidence indicator plummeted by 13 percentage points in April over the month before as consumers were increasingly pessimistic about the outlook for employment and household finances over the coming year, the Statistics Office said on Monday.

This is the lowest value for the consumer confidence indicator since April 2009 and the third lowest since the survey began in March 1996.

Year-on-year, the consumer confidence indicator dropped 12 percentage points.

The indicator is measured on a scale of -100 to +100 as a balance of answers to questions about the expected household financial situation, the expected general economic situation, expected unemployment, and savings over the next 12 months.

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