Wednesday, January 28, 2009

Slovenia: Consumer confidence, economic sentiment fall sharply in January

"Slovenia’s Statistical Office has released its latest data for consumer confidence and overall economic sentiment in the country, which pointed to a continuing decline in January that dragged the indices to an all-time low.

As even the most optimistic forecasts expect up to 1.1% GDP growth this year after more than 4% in 2008, the consumer confidence indicator declined by a seasonally adjusted 9 percentage points in January compared to December, and unemployment outlook for the current year worsened.

Compared to the previous year, the confidence indicator was 24 percentage points below last year's average."

Source: SEE news