Business News

Business Sentiment Stronger

Ljubljana, 25 November (STA) - Slovenia's business sentiment improved by one percentage point in November to -12 percentage points, nine points up year-on-year but still ten points below the long-term average, according to the Statistics Office.

The confidence indicator in manufacturing was up two points from October to -3, which is 12 points above the figure a year ago and level with the long-term average.

The manufacturing sector is upbeat in its outlook for the coming three months, especially with respect to prices. Capital expenditure was also up, with investment reported by 89% of the companies surveyed.

In retail, the confidence indicator was 19 points down from October to -7 percentage points. This is two percentage pints down from November 2012 and 16 points below the long-term average.

The indicator in construction was at -17 points, which is level compared to October, but 23 points up from November 2012 and one point above the long-term average.

The services sector was more upbeat in its expectations with the relevant indicator up three points from October and up ten points year-on-year to -10 in November, but 25 points below the long-term average.

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