Business News

Consumer Confidence Deteriorates in December

Ljubljana, 23 December (STA) - Slovenia's consumer confidence index was down two percentage points in December over the month before. The index was level year-on-year and four percentage points above the 2009 average, the Statistics Office said on Thursday.

The monthly decline can be mostly attributed to pessimistic outlook among consumers for the general economic situation in Slovenia in the coming 12 months, according to the office.

The average value of the consumer confidence index this year is higher by five percentage points compared to the average for 2009.

The majority of Slovenian consumers were reserved in December about major purchases such as furniture, white goods or electronic devices. The relevant index dropped by 8 percentage points compared to November and 14 points compared to the 2009 average.

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