Consumer survey, Slovenia, April 2019

The decrease in consumer sentiment continues in April 2019

Consumer confidence, which has been decreasing since February, decreased by 1 percentage point in April 2019. It was 9 percentage points lower than in April 2018 but remained well above the long-term average.

  • 4/19/2019
  • |
  • final data
Decreasing consumer sentiment in 2019

The value of the consumer confidence indicator has been gradually decreasing in the last few months. It decreased by 1 percentage point (p.p.) in April and was 4 p.p. lower than in January. However, it remained well above the long-term average (by 12 p.p.).

The value of the confidence indicator decreased due to the more pessimistic expectations of consumers about the country’s economy (by 4 p.p.) and the number of unemployed (by 2 p.p.). Savings expectations increased slightly (by 1 p.p.), while expectations about the household finances remained the same.

Consumers more pessimistic than in April 2018

Consumer confidence indicator decreased by 9 p.p. at the annual level.

It decreased primarily due to significantly more pessimistic consumer expectations about the country’s economy (by 16 p.p.) and about the number of unemployed (by 15 p.p.). Expectations about household finances and savings decreased only slightly (by 3 and 1 p.p., respectively).

Consumers more pessimistic about the country’s economic conditions

Consumer opinion about the general economic conditions worsened to a much larger extent than their opinion about their household’s financial situation. As mentioned, the opinion about the country’s economy and unemployment decreased the most at the annual level (by 16 and 15 p.p., respectively). Since the beginning of this year, these two indicators worsened by 8 p.p. each. Nevertheless, their values remain above the long-term average. In addition to these, also the opinion about the country’s economy in the last 12 months and about price levels worsened since last April.

Consumers more pessimistic also about larger investments

In April 2019, consumer expectations about home improvements and car purchase worsened (by 6 and 5 p.p., respectively) compared to January 2019, when these two indicators reached the highest values in the last ten years. Expectations about home purchase worsened by 1 p.p.
Consumer confidence indicator, Slovenia, January 2005–April 2019
Consumer confidence indicator, Slovenia, January 2005–April 2019
Source: SURS
Monthly changes of consumer opinion indicators, Slovenia, April 2019
Monthly changes of consumer opinion indicators, Slovenia, April 2019
Source: SURS
METHODOLOGICAL NOTE
Data are seasonally adjusted.

Methodological changes in 2016
A combined method of data collection was implemented in January 2016, namely a combination of an online questionnaire and a telephone interview. Until then the data were collected only via a telephone interview. The data collection method can, also according to other studies, influence the opinion expressed by the respondents.
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