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Slovenia's economic sentiment worsens in July

Author Radomir Ralev
Slovenia's economic sentiment worsens in July hxdbzxy/Shutterstock.com

LJUBLJANA (Slovenia), June 24 (SeeNews) – Slovenia's economic sentiment index decreased in July by a monthly 2.2 percentage points (pps) to 5.7 pps, after rising by 2.2 pps month-on-month in june, the country's statistical office said on Thursday.

On an annual comparison basis, the overall economic sentiment indicator rose by 22.6 pps in July, after growing by 31.2 pps in June, the statistical office said in a statement.

The monthly decrease was influenced by confidence indicators in services (down 1.2 pps), in retail trade (down 0.5 pp) and manufacturing (down 0.3 pp), among consumers (down 0.2 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 10.5 pps, in manufacturing it went up 8.6 pps, among consumers it grew by 1.9 pps, in construction it rose 1.2 pps, and in retail trade it also increased 0.4 pp.

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

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