Ljubljana, 24 January (STA) - The business sentiment in Slovenia improved in January, rising one percentage point over the month before and three points year-on-year, but it still remained below the long-term average, the Statistics Office said on Monday.
The biggest improvement in sentiment was registered in manufacturing, where it rose five points over December and ten points over the year before, mostly due to improved employment prospects.
In the services the indicator rose by one point as managers expressed favourable expectations about the next three months, but it was still five percentage points lower than in January 2010.
In retail, on the other hand, the confidence indicator plunged five points compared to the month before although it was still five points above the level of a year ago.
The biggest concerns reported by retail managers were competition, low demand and high labour costs.
The indicator in the construction sector, which has been hit hardest by the recession, was flat and remains as much as 44 percentage points below the long-term average.