Business News

Business Sentiment Slightly Up in April

Ljubljana, 26 April (STA) - Business sentiment rose two percentage points in April over March and was up eight points year-on-year, the Statistics Office said on Tuesday. It was however nine points below the long-term average.

Manufacturing recorded an increase of two points in sentiment indicators on monthly level. Expectation indicators were mostly down, however employment and production expectation indicators remained unchanged.

Business confidence was up in retail as well, with business sentiment indicator up 16 points compared to March. Business sentiment was five points above the value of April 2010 and three points above the long-term average.

Competition was listed by retailers as the main limiting factor (48% of retailers), followed by poor demand (42% of retailers) and high labour cost (42% of retailers). Only 11% did not state any limiting factors.

Meanwhile, business confidence remains unchanged in construction. While monthly values remained level, the April figure is thirteen points up from April 2010, but 38 points below the long-term average.

Poor demand was the main limiting factor in construction (57% of construction companies), followed by stiff competition (54%). Builders also listed high labour cost (37%) and increasing goods prices (30%) as limiting factors.

Business sentiment in services was up one percentage point in April over March. It rose 14 points year-on-year, but was 14 points below the long-term average.

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