Sentiment indicator, Slovenia, October 2018

In October 2018 economic sentiment favourable

In October 2018 the sentiment indicator was 3.5 percentage points higher at the monthly level and 3.9 percentage points lower at the annual level.

  • 25 October 2018 at 10:30
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  • final data
  • Branka Savičić Krstevski, Barbara Čertanec, Luka Zupanc
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  • Data inquiry

Sentiment indicator higher at the monthly level

After January 2018, when the economic sentiment reached the pre-crisis level, the indicator gradually declined. In October 2018 (11.6 percentage points (p.p.)) it again improved (by 3.5 p.p.) due to favorable trends of the confidence indicators in most of the economic activities. It was 12.8 p.p. above the long-term average.

The increase in the sentiment indicator at the monthly level was mostly influenced by the confidence indicator in manufacturing (by 3.1 p.p). The confidence indicators among consumers (by 0.5 p.p.), in retail trade and in construction (each by 0.1 p.p.) also had a positive influence. The service confidence indicator had a negative impact (by 0.3 p.p.).

Sentiment indicator lower at the annual level

In October 2018 the sentiment indicator was 3.9 p.p. lower than in October 2017.

The decrease in the sentiment indicator was influenced by the confidence indicators among consumers (by 1.4 p.p.), in services (by 1.0 p.p.), in manufacturing (by 0.9 p.p.), in retail trade (by 0.4 p.p.) and in construction (by 0.2 p.p.).

Sentiment indicator, Slovenia, January 2005–October 2018
Sentiment indicator, Slovenia, January 2005–October 2018
Source: SURS
Impact of individual confidence indicators on the monthly change of the sentiment indicator, Slovenia, October 2018
Impact of individual confidence indicators on the monthly change of the sentiment indicator, Slovenia, October 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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