Business News

Consumer Confidence Boosted

Ljubljana, 23 January (STA) - Slovenia's consumer confidence was boosted by 3 percentage points in January over the month before due to upbeat expectations about the households' financial situation and the general economic situation in the country over the next 12 months.

Both indicators rose by 7% on the month before, bringing the consumer confidence index one point up from January 2013 and two points above last year's average, figures from the Statistics Office show.

Four of the six indices showing consumer sentiment about the coming 12 months rose in January on the month before, including those pertaining to prices and unemployment.

But the indices for major purchases and the possibility for savings in the coming 12 months fell.

Half of the indices expressing consumers' sentiment about the present and past situation were higher.

The indicator based on quarterly poll about the likelihood of major expenditures for home over the next 12 months was down 6 points from October 2013 and down 12 points year-on-year as well as 8 points below last year's average.

As many as 72% of those questioned said they were unlikely to spend any major sums on home improvement in the coming 12 months and another 11% said it was not very likely.

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