LJUBLJANA (Slovenia), May 25 (SeeNews) – Slovenia's economic sentiment index rose by 6.5 percentage points (pps) month-on-month in May to negative 33.1 pps, following a drop of 35.8 pps in April when it reached an all-time low, the country's statistical office said on Monday.
On an annual comparison basis, the overall economic sentiment indicator was 40.8 pps lower in May, after sliding by 46.2 pps in April, the statistical office said in a statement.
The monthly increase in May came as a result of improved confidence in almost all sectors, including manufacturing (up 4.9 pps), consumer confidence (up 1.1 pp), retail trade (up 0.3 pps), and services (up 0.2 pps). The confidence of the construction sector edged down 0.1 pp.
On an annual comparison basis, the May decline was evident in all confidence indicators, with services dropping 17.2 pps, manufacturing shrinking 11.9 pps, consumer confidence down 7.3 pps, retail trade declining by 2.4 pps and construction shedding 2.0 pps.
The sentiment indicator is the weighted average of the confidence indicators in manufacturing, retail trade, construction, services and the consumer confidence indicator.