Business News

Consumer Confidence Down in June

Ljubljana, 22 June (STA) - Slovenia's consumer confidence index dropped by 4 percentage points in June over May, as consumers became more pessimistic about employment in the coming 12 months, the Statistics Office said on Friday.

Year-on-year, the consumer confidence indicator was down 14 points and 12 points below last year's average.

Half of the indexes measuring consumers' expectations dropped on the monthly level, while the expectations for the financial state in the economy in the next 12 months improved. The indexes of expected major purchases and the movement of prices in the next 12 months remained flat.

Most indexes measuring consumers' opinion on the past and current situation decreased. Compared to May, only the movement of prices in the past 12 months index increased.

Asked whether now was the right time for any major purchases, only 9% of the respondents answered in the affirmative, while 54% believe that such purchases should be postponed to a later date. More than a third was undecided.

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