Business News

Consumer Confidence Ticks Up

Ljubljana, 23 October (STA) - Consumer confidence rose 2 percentage points in October over the month before to a level last recorded in April 2008. At the annual level it was up 23 points, the Statistics Office said Thursday.

The monthly increase was driven by a 2-point rise in consumers' outlook on the state of the economy in the next twelve months and the prospects for savings, respectively.

On the other hand, the outlook on unemployment over the next 12-month period dropped by a percentage point, according to the seasonally adjusted data.

The change at the annual level shows consumers are becoming exceedingly optimistic about the economy (+36 points), unemployment (+24 points) and household finances (+20 points).

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