Consumer survey, Slovenia, January 2020

Consumer sentiment slightly up in January 2020

In January 2020 the consumer sentiment slightly improved at the monthly level but declined significantly compared to January last year.

  • 1/23/2020
  • |
  • final data
Consumer confidence improved slightly at the monthly level

The consumer confidence indicator improved over the previous month by 2 percentage points (p.p.) and remained above the long-term average by 6 p.p.

Three components of the confidence indicator improved at the monthly level: the household financial expectations by 2 p.p., expectations about the country’s economy by 5 p.p., and expectations about the level of unemployed by 2 p.p. Savings expectations decreased by 2 p.p.

Consumer confidence declined at the annual level


The consumer confidence indicator was 10 p.p. lower than in January 2019 and 4 p.p. lower than last year’s average.

This decrease was influenced mostly by the expectations about the number of unemployed and about the country’s economy, which worsened by 20 p.p. and 14 p.p., respectively. Expectations about households’ finances decreased by 4 p.p. and savings expectations by 1 p.p.

Consumers’ intentions about larger investments

Consumers’ expectations about home purchase increased compared to the previous quarter by 4 p.p. Also the expectations about car purchase increased (by 2 p.p.), but were 3 p.p. lower than at the beginning of 2019, when they were the highest in the last 15 years.


Consumer confidence indicator, Slovenia, January 2005–January 2020
Consumer confidence indicator, Slovenia, January 2005–January 2020
Source: SURS


Monthly changes of consumer opinion indicators, Slovenia, January 2020
Monthly changes of consumer opinion indicators, Slovenia, January 2020
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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