Sentiment indicator, Slovenia, October 2021
The downward trend in the economic sentiment has been continuing since July 2021
In October 2021, the sentiment indicator was 2.5 percentage points lower at the monthly level but 8.3 percentage points higher at the annual level.
The sentiment indicator on a monthly basis lower for the second time in a row
In October 2021, the value of the sentiment indicator (at 2.2 percentage points – p.p.) decreased by 2.5 p.p. compared to September 2021 (at 4.7 p.p.).
The monthly change of the sentiment indicator was negatively influenced mainly by the manufacturing confidence indicator (by 2.0 p.p.), followed by the consumer confidence indicator (by 0.7 p.p.) and the retail trade confidence indicator (by 0.4 p.p.). On the other hand, the confidence indicators in services and in construction had a positive impact (by 0.5 and 0.1 p.p., respectively).
The sentiment indicator higher at the annual level
At the annual level, the value of the sentiment indicator in October 2021 was higher by 8.3 p.p.
The rise of the sentiment indicator at the annual level was mostly influenced by the services confidence indicator (by 6.0 p.p.). The confidence indicators in construction (1.2 p.p.), among consumers (by 0.8 p.p.), and in manufacturing (by 0.5 p.p.) also had a positive effect, while the retail trade confidence indicator had a negative effect (by 0.1 p.p.).
In October 2021, the value of the sentiment indicator (at 2.2 percentage points – p.p.) decreased by 2.5 p.p. compared to September 2021 (at 4.7 p.p.).
The monthly change of the sentiment indicator was negatively influenced mainly by the manufacturing confidence indicator (by 2.0 p.p.), followed by the consumer confidence indicator (by 0.7 p.p.) and the retail trade confidence indicator (by 0.4 p.p.). On the other hand, the confidence indicators in services and in construction had a positive impact (by 0.5 and 0.1 p.p., respectively).
The sentiment indicator higher at the annual level
At the annual level, the value of the sentiment indicator in October 2021 was higher by 8.3 p.p.
The rise of the sentiment indicator at the annual level was mostly influenced by the services confidence indicator (by 6.0 p.p.). The confidence indicators in construction (1.2 p.p.), among consumers (by 0.8 p.p.), and in manufacturing (by 0.5 p.p.) also had a positive effect, while the retail trade confidence indicator had a negative effect (by 0.1 p.p.).
Sentiment indicator, Slovenia, January 2005–October 2021
Source: SURS
Impact of individual confidence indicators on the monthly change of the sentiment indicator, Slovenia, October 2021
Source: SURS
METHODOLOGICAL NOTE
Some totals and subtractions do not add up due to rounding.
Data are seasonally adjusted.
The business surveys are co-financed by the European Commission. However, the European Commission accepts no responsibility or liability whatsoever with regard to the material published in this document.
Data are seasonally adjusted.
The business surveys are co-financed by the European Commission. However, the European Commission accepts no responsibility or liability whatsoever with regard to the material published in this document.
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