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Slovenia Business Week no. 05: Business Sentiment Unchanged in January

Overall business sentiment was 3 percentage points higher year-on-year and 12 percentage points above the long-term average, the National Statistics Office said

January brought no changes to the seasonally adjusted business sentiment indicator in comparison with December. Overall business sentiment was 3 percentage points higher year-on-year and 12 percentage points above the long-term average, the National Statistics Office said on Thursday, 25 January.

The manufacturing confidence index added 1 percentage point in comparison with December as managers expressed optimism for the trends in the industry. It was up 6 percentage points year-on-year and 14 points above the long-term average.

Confidence in retail meanwhile lost 4 percentage points, and was 5 percentage points lower year-on-year, but still 6 percentage points above the long-term average.

The construction confidence index lost 1 percentage point, but remained 25 percentage points higher than last January and 18 percentage points above the long-term average.

Confidence in the service sector remained unchanged over last month, while the consumer confidence index added 4 points.

The business sentiment indicator is a weighted average of the confidence indicators in manufacturing, retail and the consumer confidence indicator, which are in turn calculated with the aid of surveys on business trends in the fields.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency