Business News

Delo Poll: Economic Outlook Flat

Ljubljana, 30 August (STA) - People's economic expectations remain pessimistic, according to the latest Delo poll released on Monday, as the economic outlook index remained flat in August at 36 points.

The index is created on the basis of three questions relating to the quality of life in general, outlook for the economic situation in Slovenia and household spending this year.

It ranges from 0 to 100, with figures below 50 indicating pessimism. Since the survey started in July 2009 it reached a high of 39 and a low of 33.

The pessimism is rooted in the expectation that Slovenia's economy will stagnate: over 90% of respondents believe the economy will deteriorate or remain flat, with only 8.8% expecting an improvement, down from 10.2% last month.

Over 45% of the respondents in the August poll said their quality of life was the same as before the crisis, a share that has remained almost unchanged.

Nearly 38% said it was worse, down from 40% the month before, and 11.3% said it was much worse than before, an increase of four percentage points over last month's poll.

The outlook for household spending remained flat, with over 40% saying they will spend the same as last year; 30.2% plan to spend less and 11.6% much less than last year.

The poll was conducted by Delo's in-house Delo Stik agency between 24 and 26 August and included 402 respondents.

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