Business tendency, September 2025
Confidence up in construction, trade and manufacturing
In September, the value of the confidence indicator was higher in construction, retail trade and manufacturing, while it decreased in services.
In manufacturing
The confidence indicator increased by 1 p.p. (percentage point) compared to the previous month, was 2 p.p. higher than last September but 5 p.p. below the long-term average.
The expected production indicator improved by 5 p.p., the stock of finished productions indicator deteriorated by 3 p.p., while the order books indicator remained unchanged.
The labour hoarding indicator was lower in all three comparisons: by 4 p.p. at the monthly and annual levels and by 2 p.p. compared to the long-term average.
In retail trade
The confidence indicator increased by 6 p.p. at the monthly level, but was 5 p.p. lower than in the same month last year and 4 p.p. below the long-term average.
The monthly improvement was contributed by the volume of stocks and sales indicators – the former by 17 p.p. and the latter by 10 p.p.
The labour hoarding indicator decreased by 1 p.p. at the monthly level, was the same year-on-year and 1 p.p. above the long-term average.
In construction
The confidence indicator increased in all three comparisons: at the monthly level by 7 p.p., at the annual level by 9 p.p., and compared to the long-term average by 20 p.p.
The monthly increase was influenced by both indicators: the employment expectations and the overall order books – the former was higher by 10 p.p. and the latter by 5 p.p.
The labour hoarding indicator was the same at the monthly level, 5 p.p. lower at the annual level and 10 p.p. below the long-term average.
In services
The confidence indicator was 2 p.p. lower both at the monthly and annual levels, but 5 p.p. higher than the long-term average.
The monthly deterioration was mainly influenced by the business situation indicator, which decreased by 7 p.p.
The labour hoarding indicator was 1 p.p. lower at the monthly level, but remained the same compared to last September and the long-term average.
Tables with the latest data are available in the SiStat Database.
The confidence indicator increased by 1 p.p. (percentage point) compared to the previous month, was 2 p.p. higher than last September but 5 p.p. below the long-term average.
The expected production indicator improved by 5 p.p., the stock of finished productions indicator deteriorated by 3 p.p., while the order books indicator remained unchanged.
The labour hoarding indicator was lower in all three comparisons: by 4 p.p. at the monthly and annual levels and by 2 p.p. compared to the long-term average.
In retail trade
The confidence indicator increased by 6 p.p. at the monthly level, but was 5 p.p. lower than in the same month last year and 4 p.p. below the long-term average.
The monthly improvement was contributed by the volume of stocks and sales indicators – the former by 17 p.p. and the latter by 10 p.p.
The labour hoarding indicator decreased by 1 p.p. at the monthly level, was the same year-on-year and 1 p.p. above the long-term average.
In construction
The confidence indicator increased in all three comparisons: at the monthly level by 7 p.p., at the annual level by 9 p.p., and compared to the long-term average by 20 p.p.
The monthly increase was influenced by both indicators: the employment expectations and the overall order books – the former was higher by 10 p.p. and the latter by 5 p.p.
The labour hoarding indicator was the same at the monthly level, 5 p.p. lower at the annual level and 10 p.p. below the long-term average.
In services
The confidence indicator was 2 p.p. lower both at the monthly and annual levels, but 5 p.p. higher than the long-term average.
The monthly deterioration was mainly influenced by the business situation indicator, which decreased by 7 p.p.
The labour hoarding indicator was 1 p.p. lower at the monthly level, but remained the same compared to last September and the long-term average.
Tables with the latest data are available in the SiStat Database.
Monthly changes in the value of confidence indicators, Slovenia, September 2025
METHODOLOGICAL NOTE
The release was prepared based on seasonally and calendar adjusted data, and calendar adjusted data. When comparing the reference month with the previous month/quarter, we use seasonally and calendar adjusted data. When comparing with the same period of the previous year, we use calendar adjusted data.
Time series are directly seasonally adjusted, which means that for every time series its own model is set up. Because the models are not mutually linked, possible links that are present in original data of several time series do not apply for results of seasonal adjustment of these time series.
During the transition period after SKD 2025 (NACE Rev. 2.1) entering into force, statistical data will still be collected and published according to SKD 2008 (NACE Rev. 2). The transition periods will vary depending on the individual surveys.
Additional explanations are available in the methodological explanations.
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.
Time series are directly seasonally adjusted, which means that for every time series its own model is set up. Because the models are not mutually linked, possible links that are present in original data of several time series do not apply for results of seasonal adjustment of these time series.
During the transition period after SKD 2025 (NACE Rev. 2.1) entering into force, statistical data will still be collected and published according to SKD 2008 (NACE Rev. 2). The transition periods will vary depending on the individual surveys.
Additional explanations are available in the methodological explanations.
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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