Slovenia consumer sentiment declines in August

Analysis

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Slovenia's consumer confidence indicator rose by 2 percentage points (pp) in August compared to the same month last year, the Ljubljana-based Statistics Bureau of Slovenia (SURS) said in a statement.

The annual increase in the confidence indicator resulted mainly from more optimistic consumer expectations about the country's economy, up 11 pp, and the consumer opinion on current households' finances also improved by 1 pp.

On the other hand, consumer expectations about households' finances and major purchases worsened by 3 pp and by 1 pp, respectively. On a monthly basis, consumer confidence fell by 2 pp in August, after decreasing by 1 pp in the prior month.

On a monthly level, expectations for major purchases went down by 7 pp and about households' finances by 2 pp. On the other hand, expectations about the country's economy increased by 3 pp.

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