Slovenia Business Morale, Economic Sentiment Improve in August

Analysis

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The seasonally adjusted business tendency in manufacturing in Slovenia edged up to -10 in August from -11 in the previous month, official data released by the Statistics Bureau of Slovenia (SURS) on Friday show, driven by improved expectations for production (4 vs 1 in July) and a stronger current assessment of finished product stocks (11 vs 10).

Confidence in assured production also increased to 4.4 from 4.2 in July. On the other hand, employment expectations worsened (-1 vs 1) along with export order books (-4 vs -3), while selling prices remained unchanged (at -7). Figures from the Ljubljana-based agency also showed that the economic sentiment in the country improved after a downward trend that had lasted since the beginning of the year.

The value of the sentiment indicator reached −5.9 percentage points (pp) in August, up by 0.6 pp from the prior month (−6.5 pp). The biggest contributor to this increase was the confidence indicator in retail trade (by 0.9 pp).

Compared to August last year, the sentiment indicator fell by 5.7 percentage points.

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