Business News

Consumer confidence deteriorates again

Ljubljana, 23 July (STA) - After rising in the previous month following a negative streak, the consumer confidence index was down again in July, dropping by one percentage point on the month before and standing three points below the value in July 2018.

However, the value was still 14 percentage points above the long-term average, the Statistics Office reported on Tuesday.

The consumer confidence index dropped at the monthly level due to the more pessimistic expectations of consumers regarding savings and the financial situation in their households.

The drop was mitigated somewhat by the more optimistic expectations about the state of the national economy and jobs.

Interestingly, the pessimistic expectations of consumers in these two categories is what actually pulled down the consumer confidence index in July at the annual level.

Slovenians were also more pessimistic about the financial situation in their household, while they were more optimistic about the possibility of saving money than last July.

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