Slovenia consumer sentiment worsens in October

Analysis

Slovenia’s consumer confidence indicator fell by 2 percentage points on a monthly comparison basis in October, after decreasing by 4 pps in September, the Statistics Office of Slovenia (SURS) said in its monthly report.

The consumer confidence indicator fell in October due to more pessimistic expectations about the country’s economy and the number of unemployed, which worsened by 6 pps and 4 pps, respectively.

Consumers’ expectations about savings and households’ finances were more optimistic, up by 3 pps and 1 pp, respectively.

On an annual basis, the value of the consumer confidence indicator was 6 pps lower in October. Consumer sentiment also declined annually, mainly due to more pessimistic expectations about the number of unemployed and the country’s economy (16 pps and 9 pps down, respectively).

In the meantime, expectations about household finances declined slightly (by 1 pp), while expectations about savings improved by 3 pps, SURS said.

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