Business News

Business Sentiment Down again

Ljubljana, 26 August (STA) - Business sentiment indicator in Slovenia was down again in August, after spiking in July at what was the highest value since September 2008, data from the Statistics Office show.

The business sentiment indicator was at -2% in August, down three percentage points from the month before and up 10 points year-on-year. The value is one point above long-term average.

The sentiment indicator was down mostly due to a five-point drop of the sentiment indicator in manufacturing. Year-on-year, the indicator was up by 7 percentage points. It was also five points above long-term average.

Indicators in all the other sectors decreased on the monthly level, while the services indicator was level with the month before.

The indicator for retail was down 7 points from July and up 5 points year-on-year, while still being 3 points bellow long-term average.

The construction indicator decreased by 4 points from July and increased by just as much compared to August 2013, being 7 points above long-term average.

The services indicator was flat in monthly comparison and up 16 points at the annual level, but 5 points bellow long-run average.

Consumer confidence in August was down by 3 points on the monthly level and up by 12 points year-on-year.

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