Ljubljana, 28 December (STA) - The seasonally-adjusted business sentiment indicator for Slovenia was level in December compared to November, but was higher by seven percentage points year-on-year, according to the Statistics Office.
Compared to the long-term average, the indicator was down 22 percentage points. Expectations for the next three months are mainly unfavourable, the office said on Monday.
Confidence in manufacturing grew by two percentage points compared to November, and was up 21 points year-on-year and down 14 points compared to the long-term average.
A two-percentage point improvement compared to last month was recorded in retail, while confidence is down three percentage points compared to October 2008 and 22 points under the long-term average. Most companies continue to blame the decline to competition (47%).
The seasonally-adjusted indicator of confidence in construction was meanwhile down one percentage point over last month. It was also down compared to December 2008 and the long-term average by 18 and 46 percentage points, respectively.
The main limiting factors in construction were insufficient demand (cited by 53% of the surveyed companies) and strong competition in the industry (51%).
The services confidence indicator was down one percentage point in December over November, 7 points down year-on-year and 36 points down compared to the long-term average.
According to the office, the most significant factor limiting the enterprises in services was insufficient demand (36%), followed by financial constraints (28%).