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Consumer opinon survey, Slovenia, October 2012 - final data

Tuesday, October 23, 2012, First Release
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In October 2012 the consumer confidence indicator was 5 percentage points higher than in the previous month.

Consumer confidence indicator up
In October 2012 the consumer confidence indicator increased by 5 percentage points compared to September 2012. The increase was mainly due to more optimistic estimations of consumers about the financial position of household over the next 12 months. The value of this indicator increased by 6 percentage points compared to the previous month. The consumer confidence indicator was 13 percentage points lower than in October 2011 and 14 percentage points below last year’s average.

In October 2012 five of the six expectation indicators increased compared to September 2012. Only the value of the indicator »major purchases over the next 12 months« decreased. The current and past situation indicators also mostly increased; compared to the previous month the values of the indicators »general economic situation in the country over the past 12 months« and »description of the current financial situation of household« decreased.

Consumers are more likely to buy a car
The quarterly question on the likelihood of buying a car over the next 12 months showed that the indicator increased in October 2012 compared to July 2012 by 6 percentage points. This indicator was also 5 percentage points higher than in the same period last year and 3 percentage points higher than last year’s average.

Detailed answers to the question about how likely consumers are to buy a car over the next 12 months revealed that in October 2012 64% of respondents thought that it would not be at all likely, 29% that it would not be likely, 6% that it would be fairly likely, and 2% that it would be very likely.
Chart 1: Consumer confidence indicator1), Slovenia, January 2005 - October 2012
Chart 1: Consumer confidence indicator<sup>1)</sup>, Slovenia, January 2005 - October 2012 1) The consumer confidence indicator uses a scale of -100 to +100. The consumer confidence indicator is the average of balances from answers to the questions about the expected household financial situation, the expected general economic situation in the country, the question about expected unemployment, and the question about savings over the next 12 months.
Source: SURS
Methodological note
Data are seasonally adjusted. In the data no calendar effects were detected.

In the time series spending money on major purchases in the next 12 months the seasonal component is not present.

The statistical survey was co-financed by the European Commission. The European Commission is not liable for the published data and texts.
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