Business News


Consumer Confidence Down in August

Ljubljana, 22 August (STA) - Consumer confidence in Slovenia dropped by 3 percentage points in August compared to July, mostly due to consumers' pessimism about household finances and the level of unemployment, which were down by 5 and 3 percentage points, respectively.

Also down were the indicators for prospects for savings (by 2 points) and the state of the economy in the next 12 months (by one point), the Statistics Office reported on Friday.

Annual comparisons meanwhile paint a more positive picture, as the consumer confidence index in August was 12 percentage points higher than in August 2013 in what is the fourth annual increase in a row. Compared to the 2013 average, the index was up by 11 points.

Compared to August 2013, consumers were more optimistic about the state of the economy (by 26 points), household's finances and the level of unemployment in the next 12 months (by 11 points each).

They were however more pessimistic about prospects for savings in the next 12 months.

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