Consumer survey, Slovenia, January 2021
Consumer sentiment slightly up at the beginning of 2021
In January 2021, the consumer sentiment slightly improved at the monthly level (by 1 percentage point) but declined by 18 percentage points compared to January last year.
Consumer confidence improved slightly at the monthly level
The consumer confidence indicator improved over the previous month by 1 percentage point (p.p.) but remained below the long-term average by 8 p.p.
Among its components, consumers’ expectations about households’ finances and the country’s economy increased (by 4 and 2 p.p.), while current households’ finances and expectations for major purchases decreased (both by 2 p.p.).
Decline at the annual level
Consumer sentiment decreased by 18 p.p. compared to January 2020.
All four components of the consumer sentiment indicator deteriorated at the annual level: expectations about the country’s economy by 29 p.p., current households’ finances by 16 p.p., expectations for major purchases also by 16 p.p., and expectations about households’ finances by 11 p.p.
Consumers’ intentions about larger investments
Consumers’ expectations about home purchase increased compared to October 2020 by 1 p.p. Expectations about car purchase decreased (by 2 p.p.), while expectations about home improvements remained at the same level.
The data are based on the Consumer Survey, which was answered by 1,222 persons between 1 and 17 January 2021.
Methodological changes in 2021
Starting with January 2021, several changes were introduced to the Consumer Survey:
1. The consumer confidence indicator is calculated according to a new formula, and will be based on the answers to questions 1, 2, 4 and 9 (until January 2021 it had been calculated from questions 2, 4, 7 and 11).
2. A question on uncertainty was added to the Consumer Survey.
3. Due to the changed method of data collection in 2016, level shifts occurred in three time series. These time series (questions 6, 9 and 11) had been recalculated and were published for the first time in January 2021.