Economic Climate in Slovenia Increasingly Improves
The Slovenia’s economy returned to its pre-crisis state (May 2008).
The economic climate indicator in November reached 8%, as close as possible to the data of May 2008, when it made 8.6%, according to the Statistics Service.
Average indicators of the economic climate index rose by 1%, while the average annual growth is estimated at 2.8%. This is due to the improvement in the indicators of consumer confidence in the retail trade (+0.4%), processing industry (+0.3%) and services (+0.2%) sectors.
The economic sentiment indicator in November 2016 exceeded the same period last year by 2.8% due to an increase in consumer confidence indicator in the services (+1.2%), consumption (+0.7%), construction (+0.6% ), retail trade (+0.2%) and manufacturing (+0.1%) sectors.
The indicator of consumer confidence in retail trade increased by 8% on the average monthly level, and by 5% on the annual average level. This exceeded the average long-term index by 10%.
According to the first comparison criterion, the indicator of consumer confidence in the construction sector in November increased by 1%, and according to the second comparison criterion — by 13%.
What Spheres Will the Slovenian Companies Invest?
According to forecasts, in 2017 the majority of Slovenian companies will invest in the production capacity expansion and the modernization of equipment. Like this year, the amount of investment will depend largely on the level of demand, the availability of funding sources and the size of the expected profit.