Consumer survey, July 2022
Consumer sentiment at its lowest since April 2020
Slovenian consumers are increasingly pessimistic about the financial situation of the household; the indicator of the financial situation of the household over the next 12 months reached its lowest level in the entire observation period.
Consumer sentiment worse than previous month
The consumer confidence indicator worsened by 6 percentage points (p.p.) over the previous month and fell to its lowest value since April 2020.
The monthly decrease in the confidence indicator resulted mainly from more pessimistic consumer expectations about the country’s economy (by 12 p.p.). The other components of the confidence indicator also deteriorated: expectations about households’ finances by 5 p.p., opinion on current households’ finances by 4 p.p., and expectations about major purchases by 3 p.p.
Compared to June, all other indicators also worsened, and the indicator of expectations about households’ finances even fell to its lowest value in the entire observation period.
Consumer sentiment worse than previous year
The value of the consumer confidence indicator was 22 p.p. lower than a year ago, and was 17 p.p. below last year’s average.
All four components of the confidence indicator deteriorated at the annual level as well: expectations about households’ finances by 29 p.p., expectations about the country’s economy by 26 p.p., opinion on current households’ finances by 16 p.p., and expectations about major purchases by 14 p.p.
Lower expectations about home improvement
The consumers’ expectations about home improvements worsened compared to April 2022 by 5 p.p. Expectations about home purchase slightly improved (by 1 p.p.), while expectations about car purchase remained at the same level.
Tables with the latest data are available in the SiStat Database.
The consumer confidence indicator worsened by 6 percentage points (p.p.) over the previous month and fell to its lowest value since April 2020.
The monthly decrease in the confidence indicator resulted mainly from more pessimistic consumer expectations about the country’s economy (by 12 p.p.). The other components of the confidence indicator also deteriorated: expectations about households’ finances by 5 p.p., opinion on current households’ finances by 4 p.p., and expectations about major purchases by 3 p.p.
Compared to June, all other indicators also worsened, and the indicator of expectations about households’ finances even fell to its lowest value in the entire observation period.
Consumer sentiment worse than previous year
The value of the consumer confidence indicator was 22 p.p. lower than a year ago, and was 17 p.p. below last year’s average.
All four components of the confidence indicator deteriorated at the annual level as well: expectations about households’ finances by 29 p.p., expectations about the country’s economy by 26 p.p., opinion on current households’ finances by 16 p.p., and expectations about major purchases by 14 p.p.
Lower expectations about home improvement
The consumers’ expectations about home improvements worsened compared to April 2022 by 5 p.p. Expectations about home purchase slightly improved (by 1 p.p.), while expectations about car purchase remained at the same level.
Tables with the latest data are available in the SiStat Database.
Consumer confidence indicator, Slovenia, January 2005–July 2022
Monthly changes of consumer opinion indicators, Slovenia, July 2022
METHODOLOGICAL NOTE
Data are seasonally adjusted.
The data are based on the Consumer Survey, which was answered by 831 persons between 1 and 17 July 2022.
The business surveys are co-financed by the European Commission. However, the European Commission accepts no responsibility or liability whatsoever with regard to the material published in this document.
The data are based on the Consumer Survey, which was answered by 831 persons between 1 and 17 July 2022.
The business surveys are co-financed by the European Commission. However, the European Commission accepts no responsibility or liability whatsoever with regard to the material published in this document.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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