Business News

Consumer Confidence Down in March

Ljubljana, 23 March (STA) - The consumer confidence index dropped two percentage points in March compared to February, largely due to pessimistic expectations regarding savings for the next 12 months. The drop comes after two months of steady growth, and is still 11 percentage points up on March 2009, the Statistics Office said Tuesday.

The consumer confidence index has shown little fluctuation since October last year, with March figures beating the 2009 average by 4 percentage points.

The unemployment index meanwhile deteriorated by 4 percentage points in March compared to February, reaching its lowest point after May last year.

The index however remains 14 percentage points above the same period last year and one percentage point above the 2009 average.

Asked whether they expected unemployment to rise in the next 12 months, 83% of respondents thought it would, while 9% said it would stay the same and 7% said it would decrease.

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