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Slovenia's economic sentiment improves in June

Author Radomir Ralev
Slovenia's economic sentiment improves in June License: CC0 Creative Commons

LJUBLJANA (Slovenia), June 24 (SeeNews) – Slovenia's economic sentiment index increased in June by a monthly 2.2 percentage points (pps) to 8.0 pps, after rising by 6.2 pps month-on-month in May, the country's statistical office said on Thursday.

On an annual comparison basis, the overall economic sentiment indicator rose by 31.2 pps in June, after growing by 36.8 pps in May, the statistical office said in a statement.

The monthly increase was influenced by confidence indicators in services (up 2.1 pps), in retail trade (up 0.4 pps) and among consumers (up 0.2 pps). On the other hand, there was a negative influence of the confidence indicators in manufacturing (down 0.6 pp), and in construction (down 0.1 pp).

All five components of the sentiment indicator had a positive influence at the annual level. The confidence indicator in services rose by 13.1 pps, in manufacturing it went up 12.3 pps, among consumers it grew by 2.5 pps, in construction it rose 1.6 pps, and in retail trade it also increased 1.6 pps.

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