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Slovenia's economic sentiment improves in August

Author Radomir Ralev
Slovenia's economic sentiment improves in August Author: Caden Crowford Licence: Creative Commons

LJUBLJANA (Slovenia), August 27 (SeeNews) – Slovenia's economic sentiment index improved in August by a monthly 0.8 of a percentage point (pp) to 5.6 pps, after declining by 2.2 pps month-on-month in July, the country's statistical office said.

On an annual comparison basis, the overall economic sentiment indicator rose by 12.4 pps in August, after growing by 22.6 pps in July, the statistical office said in a statement on Thursday.

The monthly increase was influenced by the confidence indicators in services (up 0.7 pp), in retail trade (up 0.3 pp) and in manufacturing (up 0.1 pp). The influence of the consumer confidence indicator was negative (down 0.4 pp).

All five components of the sentiment indicator had a positive influence at the annual level. The confidence indicator in services rose by 5.9 pps, in manufacturing it went up 4.6 pps, in construction it went up by 1.1 pp, among consumers and in retail trade it grew by 0.4 pp each.

The sentiment indicator is the weighted average of the confidence indicators in manufacturing, retail trade, construction, services and the consumer confidence indicator.