Business News

Business Sentiment Edges Down in October

Ljubljana, 25 October (STA) - The business sentiment in Slovenia fell by one percentage point in October compared to the month before, but was still five points higher year-on-year. The relevant index is eight points below the long-term average, the Statistics Office said on Monday.

The minor monthly decline is mainly due to low confidence in services, where the indicator was three points lower than a month before, nine points lower year-on-year and 30 points lower than the long-term average.

Confidence in the construction sector remained level compared to September and was five percentage points higher year-on-year, which is however still 45 points below the long-term average.

Retail confidence gained a point over September to a level 22 points higher than in October 2009 and three points higher than the long-term average.

In manufacturing, the confidence indicator was up two points compared to September, 18 points year-on-year and six points compared to the long-term average.

The main obstacle as perceived by manufacturers in October was insufficient domestic demand, followed by insufficient foreign demand, uncertain economic situation, unpaid services and financial problems.

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