Consumer survey, Slovenia, March 2020

Consumer opinion at its lowest since May 2016

In March 2020 the consumer confidence indicator fell to its lowest level since May 2016.

  • 3/30/2020
  • |
  • final data
Consumer sentiment lower at the monthly level

In March 2020 the consumer confidence indicator decreased again and was 3 percentage points (p.p.) lower compared to the previous month. At the moment the consumer sentiment is at its lowest level since May 2016.

Among the components of the confidence indicator, three of them deteriorated at the monthly level: the household financial expectations decreased by 3 p.p., expectations about the country’s economy by 7 p.p., and expectations about the level of unemployed by 6 p.p. Savings expectations improved by 4 p.p.

Consumer sentiment also declined at the annual level

Consumer confidence indicator was 11 p.p. lower than in March 2019 and 10 p.p. lower than last year’s average.

This decrease was influenced mostly by the expectations about the number of unemployed and the country’s economy, both of which worsened by 22 p.p. Expectations about households’ finances also decreased at the annual level (by 4 p.p.), while savings expectations improved by 2 p.p.

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

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