Business tendency, Slovenia, August 2019

In August 2019 retail trade confidence indicator increased

In August 2019, the confidence indicator in retail trade increased, in services and construction it decreased, while in manufacturing it remained stable.

  • 26 August 2019 at 10:30
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  • final data

Manufacturing confidence indicator unchanged at the monthly and lower at the annual level

In August 2019 the manufacturing confidence indicator remained unchanged compared to the previous month and decreased by 6 percentage points (p.p.) compared to August 2018. It was equal to the long-term average.

At the monthly level the overall order books and stocks of finished products indicators improved (by 2 p.p. or 1 p.p.). The production expectations indicator worsened (by 2 p.p.).

Retail trade confidence indicator higher than in the previous month

In August 2019 the retail trade confidence indicator was 5 p.p. higher than in July 2019. Compared to August 2018, it increased by 13 p.p. and was 11 p.p. above the long-term average.

Most situation and expectation indicators increased, except the expected employment indicator, the selling prices indicator and the expected sale indicator which decreased. The value of the sale indicator increased the most (by 18 p.p.), which also had the largest influence on August’s increase in confidence in retail trade.

Construction confidence indicator lower at the monthly and at the annual level

In August 2019 the construction confidence indicator was 1 p.p. lower at the monthly level and 13 p.p lower than in August 2018. It remained above the long-term average (by 22 p.p.).

At the monthly level the employment expectations indicator was lower by 4 p.p. and the overall order books indicator was higher by 3 p.p.

Services confidence indicator lower than in the previous month

In August 2019 the services confidence indicator was 2 p.p. lower than in July 2019, 6 p.p. lower than in August 2018 and 8 p.p. above the long-term average.

The values of the situation and expectation indicators increased, while the employment indicator and the expected demand indicator deteriorated. The expected demand indicator also contributed significantly to the fall in the confidence indicator.

Monthly changes in the value of confidence indicators, Slovenia, August 2019
Monthly changes in the value of confidence indicators, Slovenia, August 2019
Source: SURS
METHODOLOGICAL NOTE
Data are seasonally adjusted.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.