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Slovenia Business Week no. 48: Business Sentiment Declines in November

Business sentiment was down 1 percentage point in November over the month before

Business sentiment was down 1 percentage point in November over the month before, as consumer confidence plummeted by 5 percentage points to offset the gains in retail (3 percentage points) and the flat confidence in manufacturing.

The seasonally adjusted value of the confidence indicator in manufacturing remained the same as in October. Yet compared to the year before, it was down 1 percentage point.

In retail, the confidence indicator was up 3 percentage points over the previous month. Compared to November 2004, it rose 8 percentage points, according to the Statistical Office.

The plummeting of the consumer confidence index is attributed to less optimistic expectations about the general economic situation in the country over the next 12 months.

The consumer confidence indicator is now 7 percentage points lower than the long-term average, the statisticians note.

Source: Slovene Press Agency STA

Author: STA