Business News

Business Sentiment Up in June

Ljubljana, 24 June (STA) - Business sentiment in Slovenia was up 2 percentage points in June over May and rose 18 points year-on-year. However, it remained 6 points bellow the long-term average, the Statistics Office said on Thursday.

Business sentiment was pulled up by growing confidence in manufacturing, which increased 3 points over May and 24 points over June 2009. It also exceeded the long-term average by 5 points.

In retail, the confidence indicator was up 7 points compared to May and 35 points higher than in the year before. It was also 2 points above the long-term average.

Confidence in construction meanwhile dropped by 2 points compared to May and 6 points compared to the same period last year. The indicator was also 54 points bellow the long-term average.

Expectations regarding orders improved, but respondents were pessimistic about the prices. As far as employment goes, expectations remained flat.

Companies listed competition and insufficient demand as the main limiting factors, followed by high labour costs and other expenses.

The services confidence indicator was up compared to the month before, by 1 percentage point. In year-on-year comparison, the indicator rose 19 points, but it was still 24 points bellow the long-term average.

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