Business News

Business Sentiment Edges Up in July

Ljubljana, 25 July (STA) - The business sentiment in Slovenia improved in July, rising 1 percentage points over June. The confidence index however remains down 11 percentage points year-on-year and 15 points below the long-term average, the Statistics Office said on Wednesday.

The index was up one point over June in manufacturing and up two points in construction. It dropped four points in retail and one point in services.

In a year-on-year comparison, the index was down 12 points in manufacturing (8 points below long-term average), up 5 points in construction (26 points below long-term average), down 1 point in retail (8 points below long-term average) and down 14 in services (28 points below long-term average).

Insufficient demand was listed as the most important limiting factor in all four statistical areas.

The most important limiting factors in retail were low demand (54%), competition in own sector (51%) and high costs of labour (44%).

In construction, the statisticians listed insufficient demand (51%), competition in own sector (39%), high costs of labour (38%), high costs of material (36%), high financial costs (33%) and access to bank credits (32%).

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