Consumer survey, Slovenia, February 2020

Consumer sentiment down in February 2020 compared to the previous month

After a slight improvement in January 2020, the consumer sentiment decreased again in February.

  • 2/20/2020
  • |
  • final data
Consumer sentiment lower at the monthly level

The consumer confidence indicator decreased over the previous month by 2 percentage points (p.p.). After two consecutive increases it therefore turned down again, but remained above the long-term average by 3 p.p.

Among the components of the confidence indicator, three of them deteriorated at the monthly level: the savings expectations which decreased by 1 p.p., expectations about the country’s economy by 5 p.p., and expectations about the level of the unemployed by 2 p.p. The household financial expectations remained at the same level.

Consumer confidence declined at the annual level

The consumer confidence indicator was 9 p.p. lower than in February 2019 and 7 p.p. lower than last year’s average.

The decrease on annual level was influenced mostly by the expectations about both the country’s economy and the number of the unemployed which worsened by 15 p.p. and 14 p.p., respectively. There was a big decrease also in savings expectations (by 7 p.p.). Expectations about the households’ finances decreased by 3 p.p.


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

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