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Slovenia Consumer Confidence Steady at 1-Year High

Analysis

Image by Pixabay

Slovenia's consumer confidence indicator remained unchanged in May, after decreasing by 1 percentage point (pp) in the preceding month, the Ljubljana-based Statistics Bureau of Slovenia (SURS) said. In annual terms, consumer confidence grew by 2 pp in May.

Consumers' expectations for major purchases improved and about households' finances improved by 2 pp and 1 pp on a monthly level, respectively.

Only the indicator of current households' finances slightly deteriorated, by 1 percentage point.

The annual increase in the value of the confidence indicator resulted from more optimistic consumer expectations about households' finances, up 10 pp and about the country's economy, up 6 percentage points.

On the other hand, opinions on current households' finances deteriorated by 9 percentage points. The indicator of expectations about major purchases remained flat. 

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