Business News

Business sentiment deteriorates in October

Ljubljana, 25 October (STA) - Business sentiment in Slovenia again deteriorated at the monthly level in October, dropping by 0.7 percentage points over September and being by 7.5 percentage points lower year on year, the Statistics Office reported on Friday.

According to the office, affecting business sentiment the most at the monthly level was a drop in consumer confidence, while the deterioration at the annual level is mostly attributed to a lower confidence in manufacturing.

The deterioration of consumer confidence contributed 0.3 percentage points to the annual drop, followed by the lower sentiment in the construction sector (-0.2 points) and in the services sector (-0.1 points).

Consumer confidence in the country deteriorated for the third month running this month to reach the lowest point in the last three years.

At the annual level, in addition to the lower sentiment in manufacturing (a drop of 4.3 points), expectations were also lower in the services sector (-1.3 points), among consumers (-1.2 points) and in the construction sector (-0.7 points).

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