Slovenia: Economic sentiment improves to a two-year high in May
Economic sentiment rose to 97.7 in May from April’s 97.5. May’s result marked the best performance since May 2022. That said, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial sector and stronger confidence in the construction sector. That said, confidence in the services and retail sectors waned in May, and consumer sentiment cooled.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in May.