Sentiment indicator, Slovenia, January 2021
Economic sentiment up in January 2021
In January 2021, the sentiment indicator was 2.2 p.p. higher at the monthly level but 11.1 p.p. lower at the annual level.
The sentiment indicator improved
In January 2021, the value of the sentiment indicator (at −7.1 percentage points – p.p.) increased by 2.2 p.p. compared to December 2020 (at −9.3 p.p.).
The monthly increase was influenced by all confidence indicators, except one. The following indicators had a positive influence: the confidence indicator in manufacturing (by 1.5 p.p.), in services (by 1.3 p.p.), among consumers and in construction (by 0.1 p.p. each). The impact of the retail trade confidence indicator was negative (by 0.7 p.p.).
Significant deterioration at the annual level for several months
In January 2021, the value of the sentiment indicator decreased by 11.1 p.p. over January 2020.
The decline in the economic sentiment on an annual basis was influenced by all indicators, except the manufacturing confidence indicator (which was 2.5 p.p. higher). The confidence indicator in services (by 7.7 p.p.) and the consumer confidence indicator (by 3.6 p. p.) had the largest impact, followed by the confidence indicator in retail trade (by 2.0 p.p.) and the confidence indicator in construction (by 0.2 p.p.).
Data are seasonally adjusted.
Due to the changed composition of the consumer confidence indicator, the sentiment indicator was recalculated. More information can be found in Methodological explanations.