Business News

Consumer Confidence Flat in April

Ljubljana, 23 April (STA) - Consumer confidence in Slovenia was flat in April compared to March, mostly due to optimistic forecasts regarding unemployment rate in the coming years and pessimism regarding the financial situation of households and opportunities for savings in the coming year.

The consumer confidence indicator in April was meanwhile up by 12 percentage points compared to the same month in 2012 and 9 points higher than last year's average, the Statistics Office has said.

Compared to March, half of the indicators expressing consumer confidence were down. However, expectations improved regarding growth of prices and the employment rate in the next 12 months.

Consumers' expectations and views on the present and past conditions have mostly improved, with the only index to fall being the current financial situation in the household.

The quarterly index measuring probability for a car purchase in the next 12 months was up by two percentage points in April compared to January. The index was 12 percentage higher than in the same period last year and 8 percentage points higher than last year's average.

Asked about the chances for the respondent or a member of their household to buy a car in the next 12 months, 3% said that this was very likely and 70% that this was unlikely.

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