Business News

Financial Outlook Drags Consumer Confidence to All-Time Low

Ljubljana, 24 September (STA) - Slovenia's consumer confidence was down ten percentage points in September from the month before, mostly on account of the negative financial outlook for households for the next 12 months. The index fell to a new all-time low and was 22 points lower year-on-year and 20 points below last year's average.

Compared to August, the financial outlook indicator fell 12 points, while all other outlook indicators were also negative, the Statistics Office said on Monday.

The view of the general economic situation in the last 12 months improved compared to August and more people believe it to be an appropriate time for major purchases.

The expected price growth index was up 38 percentage points to 31 points above last year's average and 33 points above the value of September 2011, which has a strong impact on the negative outlook.

As much as 48% of the respondents believe that prices will rise even faster in the next 12 months, while 31% said the pace of price growth would remain the same and 8% said it would decelerate.

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