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Slovenia Business Week no. 34: Business Sentiment Drops in October

The seasonally adjusted business sentiment indicator dropped by 1 percentage point in October over the month before, depressed by dwindling confidence in manufacturing and retail

The seasonally adjusted business sentiment indicator dropped by 1 percentage point in October over the month before, depressed by dwindling confidence in manufacturing and retail.

The index was still 8 percentage points higher than in the same month of 2005, and 13 points above the long-term average, the National Statistics Office said.

The manufacturing confidence index shed 1 percentage point in comparison with September. It was up 9 percentage points year-on-year and 15 points above the long-term average.

Confidence in retail meanwhile dropped by 3 percentage points, while construction confidence index added 3 percentage points, reaching an all-time high. The service sector confidence remained level.

The consumer confidence index added 1 point, due to consumers' upbeat projections about the amount of money saved in the next 12 months.

The business sentiment indicator is a weighted average of the confidence indicators in manufacturing, retail and the consumer confidence indicator, which are in turn calculated with the aid of surveys on business trends in the fields.

Source: Slovenian Press Agency STA


Author: STA, Slovenian National Press Agency