Business tendency, Slovenia, December 2018

In December 2018, confidence in services and retail trade up, in construction and manufacturing down

In December 2018, the confidence indicator in services and retail trade increased, in construction and manufacturing decreased.

  • 12/21/2018
  • |
  • final data
Manufacturing confidence indicator again lower than in the previous month

In December 2018 the manufacturing confidence indicator decreased by 1 percentage point (p.p.) compared to the previous month and by 7 p.p. over December 2017. It remained above the long-term average (by 6 p.p.).

The confidence indicator worsened primarily due to the decrease in the overall order books indicator (by 4 p.p.). The production expectations indicator remained unchanged, while the stocks of finished products indicator improved (by 1 p.p.).

Retail trade confidence indicator higher than in the previous month

In December 2018 the retail trade confidence indicator was 2 p.p. higher than in November 2018. Compared to December 2017, it decreased by 7 p.p. and was equal to the long-term average.

The values of the situation and expectation indicators mostly decreased, except the business situation indicator, the expected sales indicator and the volume of stocks indicator. The expected business situation indicator remained stable.

The construction confidence indicator lower at monthly and annual level

In December 2018 the construction confidence indicator was lower at monthly and annual level (by 6 p.p. and 5 p.p., respectively). It remained above the long-term average (by 33 p.p.).

The construction confidence indicator decreased at the monthly level due to the employment expectations and overall order books indicators (by 7 p.p. and 6 p.p., respectively).

Services confidence indicator higher than in the previous month

In December 2018 the services confidence indicator was 4 p.p. higher than in November 2018. Compared to December 2017 it was 2 p.p. lower and was 17 p.p. above the long-term average.

The values of the situation and expectation indicators mostly increased; the employment indicator and the demand indicator increased the most, which had also the largest influence on the December’s increase in confidence in services.
Monthly changes in the value of confidence indicators, Slovenia, December 2018
Monthly changes in the value of confidence indicators, Slovenia, December 2018
Source: SURS
METHODOLOGICAL NOTE
Data are seasonally adjusted.
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