Business News

Consumer Confidence Picks Up in November

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

The monthly growth can be mostly attributed to greater optimism among consumers for the general economic situation in Slovenia in the coming 12 months. Compared to October, the optimism increased by four points.

The index of the consumers' opinion on the Slovenian economy in the last 12 months was also up by seven points over October and increased nine points year-on-year.

However, when asked how the general economic situation has changed in the past year, 7% of the respondents said that it has got a little better, 11% that it stayed the same, 25% that it got a little worse and 56% that it got a lot worse. The rest of the respondents were undecided.

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