Business News

Business Sentiment Deteriorates in April

Ljubljana, 23 April (STA) - Business sentiment in Slovenia deteriorated by four percentage points in April over the month before. The business sentiment index was at -16 percentage points, 12 points down year-on-year and 15 points below the long term average, the Statistics Office said on Monday.

In manufacturing, the business sentiment indicator was down one point compared to March. It decreased by 15 points at the yearly level and was six points below the long-term average.

The index in retail rose by two points at the monthly level, but it edged one point lower year-on-year and was two points above the long-term average.

The surveyed companies said that competition, low demand and high labour costs were the most restrictive factors in retail.

While the index in construction was four points lower than in March and 29 points below the long-term average, it rose four points year-on-year.

Companies listed insufficient demand and strong competition as the biggest hindrances in the sector.

The service sector saw the sentiment index drop by three points in April over March, a decrease of 12 points year-on-year and 25 points below the long-term average.

Insufficient demand, financial constraints and shortage of labour force were among the most restrictive factors in the sector.

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