Consumer survey, Slovenia, September 2020
Consumer sentiment worsened in September 2020
After four consecutive months of improvement, consumer sentiment in September 2020 worsened by 1 percentage point compared to the previous month.
Consumer sentiment worsened at the monthly level
The value of the consumer sentiment indicator was improving for four months after a sharp drop in April 2020, but the period of growth stopped; in September 2020, the value decreased by 1 percentage point (p.p.). The indicator is 8 p.p. lower than the long-term average.
The consumer sentiment indicator declined due to more pessimistic expectations about household’s finances and savings, which worsened by 5 p.p. and 3 p.p., respectively. On the other hand, the consumers’ expectations about the number of unemployed and about the country’s economy were more optimistic (by 2 p.p. and 1 p.p., respectively).
Sentiment lower also at the annual level
Consumer sentiment decreased by 14 p.p. compared to September 2019. It was also 18 p.p. lower than last year’s average.
All four components of the consumer sentiment indicator deteriorated at the annual level: unemployment expectations by 29 p.p., expectations about the country’s economy by 19 p.p., expectations about households’ finances by 10 p.p., and savings expectations by 2 p.p.
The data are based on the Consumer Survey, which was answered by 1,069 persons between 1 and 16 September 2020.