Consumer confidence worsens further in August

Ljubljana – Consumer confidence in Slovenia deteriorated for the second month in a row in August as the relevant indicator was down by two percentage points compared to July. It was still higher than the long-term average though, by one point. The figure rose by two points year-on-year, the Statistics Office said on Friday.

Consumers’ expectations dropped the most month-on-month in three areas: expectations related to major purchases (down seven points), expectations about the financial situation in households (two points) and the current such situation (two points).

On the other hand, the sub-indicator of expectations about the economic situation in the country improved by three points.

“Apart from the deteriorating sentiment in recent months, consumers also experience price increases. The price development indicator in the past 12 months has been rising since January this year and has reached its highest level since November 2008,” the office said.

A year-on-year increase in consumer confidence in August is a result of a more optimistic attitude towards the economic situation in the country (up by eleven points) and the current financial situation in households (one point).

Consumers were less optimistic when it came to expectations related to the financial situation in households (down by three points) and major purchases (one point).

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