Ljubljana, 27 August (STA) - The business confidence index in Slovenia stood at -12 points in August, which is on par with June and July and seven points more than in August last year. The index is 10 points below the long-term average, the Statistics Office said.
The biggest rise in optimism was registered in the construction sector, where the index rose 7 points on the month to -15 points - the highest value since October 2008. The value of the index is 22 points higher than in August last year and 3 points above the long-term average.
The most important limiting factors quoted by businesses was competition in own sector (41%), insufficient demand (39%) and high labour costs(39%).
The confidence index in manufacturing was at -3 points, which is one point higher than in July, 11 points higher than in August 2012 and on par with the long-term average.
In retail, optimism was down on a monthly level at 3 points, down 9 points compared to July and down one point compared to August last year. The index was 6 percentage points below the long-term average.
Meanwhile, the service sector saw an improvement in confidence, with the index standing at -9 points, which is 2 points up on the month and 5 points up on the year. Nevertheless, the index is as many as 24 percentage points below the long-term average.