The Slovenia Times

Employment Outlook Boosts Consumer Confidence


The indicator showing consumers' projections about the unemployment rate over the next 12 month fell by five points on the month before, which signifies improvement (the lower the value the better the situation), the Statistics Office reports.

The consumer confidence indicator was 12 percentage points down on November 2011 and 13 percentage points below last year's average.

Five indicators showing consumers' expectations rose, while the outlook for saving over the next 12 months remained level on October.

The indicators showing consumer confidence about the current and past situation were mostly down, but an improvement on the month before was recorded in the assessment of the suitability of the situation for saving and the opinion about the household's current financial position.

The outlook for inflation over the next 12 months improved as the index was down eight points on October, while it rose by 6 points year-on-year and compared to last year's average.

Asked about price trends over the next 12 months, 21% of those questioned forecast a faster growth, 46% projected unchanged growth rates, 12% growth at lower rates, 17% expect no change and 2% expect prices to fall.


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