Business News

Consumer confidence up but still lower than in December 2018

Ljubljana, 20 December (STA) - The end of the year brought the first increase in consumer confidence in four months, data from the Statistics Office show. The index is however still well below that in December of last year.

In December, consumer confidence increased by 1 percentage point over November and was 5 percentage points above the long-term average.

However, consumer confidence in December of last year was still 10 percentage points higher than now.

On the monthly level, consumers showed more confidence in terms of the economic situation in the country (up 3 percentage points) and employment (up 1 percentage point).

Meanwhile, consumers expectations for saving decreased by 2 percentage points, whereas expectations about household finances remained level.

On the yearly level, the confidence was dragged down by employment expectations, which dropped by 19 points, and the economy, which dropped by 15 points. Household finances expectations dropped by 4 points and saving expectations by 1 point.

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