Slovenia’s economic sentiment index dropped for the first time in five months in April, final figures from the Statistical office of the Republic of Slovenia showed Friday.
The seasonally adjusted economic sentiment index, which combines both business tendencies and consumer surveys, fell by 0.4 percentage points to 5.1 in April from 5.5 in the previous month. In February , the score was 4.1.
The decline in the economic sentiment index for April was mostly influenced by the fall of the confidence indicator in manufacturing, which dropped by 1.7 percentage points. Confidence indicator in the construction sector also registered a decline of 0.2 percentage points.
Meanwhile, confidence indicator in the retail sector strengthened notably to 21 in April from 9 in the in the prior month. The services confidence improved slightly to 18 from 17.
The consumer confidence indicator rose for the second straight month in April to -12 from -14 in the preceding month. In February, the reading was -17.
On annual basis, the consumer confidence indicator increased by 18 percentage points and was 10 percentage points above last year’s average. This annual increase was due to more optimistic estimations of the consumers about the general economic situation in the country.
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