Sentiment indicator, Slovenia, May 2018

In May 2018 economic sentiment lower than in the previous month

In May 2018 the sentiment indicator was 1.0 percentage point lower than in the previous month. However, it remained at a high level, as it was 13.4 percentage points above the long-term average and 2.5 percentage points higher than in May 2017.

  • 25 May 2018 at 10:30
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  • final data
Sentiment indicator lower at the monthly level
In May 2018 the value of the sentiment indicator (12.1 percentage points) was 1.0 percentage point (p.p.) lower than in April 2018 (13.1 p.p.). Despite the deterioration, the economic sentiment remained high, as it was 13.4 p.p. above the long-term average.

The decrease in the sentiment indicator was influenced mainly by the confidence indicators in retail trade (by 0.5 p.p.) and among consumers (by 0.3 p.p.). Also the confidence indicators in manufacturing and in services had a marginal negative influence (by 0.1 p.p. each), while the confidence indicator in construction had no impact on the monthly change.

Sentiment indicator higher at the annual level
In May 2018 the sentiment indicator was 2.5 p.p. higher than in May 2017.

The rise of the sentiment indicator was influenced by the confidence indicators among consumers (by 1.0 p.p.), in construction (by 0.9 p.p.), in manufacturing (by 0.7 p.p.) and in services (by 0.3 p.p.), while the confidence indicator in retail trade had a negative impact on the annual change (by 0.5 p.p.).
Sentiment indicator, Slovenia, January 2005–May 2018
Sentiment indicator, Slovenia, January 2005–May 2018
Source: SURS
Impact of individual confidence indicators on the monthly change of the sentiment indicator, Slovenia, May 2018
Impact of individual confidence indicators on the monthly change of the sentiment indicator, Slovenia, May 2018
Source: SURS
METHODOLOGICAL NOTE
Some totals and subtractions do not add up due to rounding.

The sentiment indicator is the weighted average of the confidence indicators in manufacturing, retail trade, construction, services and the consumer confidence indicator.

Data are seasonally adjusted.

In January 2016 methodological changes were implemented in the Consumer Survey, which have an impact on the value of the sentiment indicator.
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