Consumer survey, Slovenia, August 2019

Consumer sentiment down in August 2019

In August 2019 the consumer sentiment decreased compared to the previous month and it was also worse than in August 2018. However, it remains well above the long-term average.

  • 8/22/2019
  • |
  • final data
Consumer sentiment lower at the monthly level

In August 2019 the consumer confidence indicator decreased by 2 percentage points (p.p.) over the previous month. After a significant drop in the second half of 2018, it increased slightly in the beginning of 2019. Since February 2019 it has remained at a similar level. In August it was 12 p.p. above the long-term average.

Among the components of the consumer confidence indicator, the expectations about unemployment worsened the most (by 6 p.p.). After two optimistic years, in 2019 there are again more consumers expecting increased unemployment in the next 12 months.

Expectations about the country’s economy also deteriorated (by 5 p.p.), while expectations about savings and household’s finances increased (by 4 and 1 p.p., respectively).

Sentiment lower also at the annual level

The value of the consumer confidence indicator was 3 p.p. lower at the annual level and 5 p.p. lower than last year’s average.

Consumer expectations about the number of unemployed and the country’s economy decreased the most (by 7 and 4 p.p., respectively), while their expectations about the household’s finances decreased more moderately (by 2 p.p.). On the other hand, savings expectations increased by 5 p.p.
Consumer confidence indicator, Slovenia, January 2005–August 2019
Consumer confidence indicator, Slovenia, January 2005–August 2019
Source: SURS
Monthly changes of consumer opinion indicators, Slovenia, August 2019
Monthly changes of consumer opinion indicators, Slovenia, August 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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