Consumer survey, Slovenia, October 2020
The decrease in consumer sentiment continues in October 2020
In October 2020, the consumer confidence indicator was 5 percentage points lower at the monthly level and 19 percentage points lower at the annual level.
Consumer sentiment worsened at the monthly level
In October 2020, the consumer confidence indicator was 5 percentage points (p.p.) lower than in September 2020. The indicator was 13 p.p. lower than the long-term average.
Among its components, three decreased: expectations about the country’s economy by 14 p.p., unemployment expectations by 9 p.p., and expectations about households’ finances by 4 p.p. Savings expectations improved by 5 p.p.
Consumer sentiment lower at the annual level
Consumer sentiment decreased by 19 p.p. compared to October 2019. It was also 23 p.p. lower than last year’s average.
The decline of the consumer confidence indicator at the annual level was mainly due to lower unemployment expectations (by 34 p.p.) and lower expectations about the country’s economy (by 27 p.p.). Consumer expectations regarding the financial situation in the household also decreased (by 15 p.p.), while savings expectations improved by 2 p.p.
Consumers also more pessimistic about larger investments
All three indicators monitored quarterly worsened slightly compared to July 2020: expectations of renovating a home by 3 p.p., and expectations of buying a car and of buying or building a home both by 1 p.p.
The data are based on the Consumer Survey, which was answered by 1,086 persons between 1 and 18 October 2020.