Business News

Business Sentiment Down, but Still Above Long-Term Average

Ljubljana, 26 June (STA) - After steadily increasing over the past few months, business sentiment dropped one percentage point in June from May, but still stayed 13 percentage points above the value from last June and up two percentage points from its long-term average, the Statistics Office said on Thursday.

The confidence indicator rose in manufacturing, while it decreased in retail, construction and services sector.

In manufacturing, the confidence indicator increased by 3 percentage points on a monthly basis. Compared to June 2013 it increased by 9 percentage points, while it also remained 9 percentage points above the long-term average.

On the other hand, confidence indicator in retail dropped by 15 percentage points compared to May and 14 percentage points compared to last June. Similarly, it was also 6 percentage points below the long-year average.

Construction recorded lesser decline, though. On a monthly basis, the confidence indicator decreased by 4 percentage points, however it was still 14 percentage points higher than last June. Also, the expectations in construction remain negative for the next few months.

Similarly to construction, the confidence indicator in services sector dropped by 3 percentage points, but was 21 percentage points up from last June. On the other hand, it stayed 5 percentage points behind its long-term average.

Still, the outlook for the upcoming months remains positive in the services sector.

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