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Slovenia's consumer sentiment improves in December

Slovenia's consumer sentiment improves in December Mark Doliner/CC by 2.0

LJUBLJANA (Slovenia), December 22 (SeeNews) - Slovenia’s consumer confidence indicator was 1 percentage point higher at the monthly level in December, after remaining unchanged in November, the country's statistical office said on Thursday.

All four component sub-indicators improved in December compared to the previous month. Expectations about the country’s economy and about savings improved by 2 p.p. each, while expectations about households’ finances and the number of unemployed improved by 1 p.p. each, the statistical office said.

The consumer confidence indicator has been constantly increasing since June. In December, it was 9 p.p. higher than in May.

Compared to December 2015, consumer confidence was up 1 point this month, after growing 4 points in November.

The value at the annual level was higher due to more optimistic expectations of consumers about the level of unemployment (by 7 p.p.) and the country’s economy (by 3 p.p.), while the drop in expectations about saving (by 6 p.p.) and household finances (by 1 p.p.) had a negative impact on the annual change.

In December, the consumer confidence index was 2 p.p. above last year’s average.

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