Slovenia Business Morale Holds Steady in November

Slovenia’s seasonally adjusted business tendency indicator in manufacturing improved to -3 in January 2026, up from -4 in December 2025, marking its highest level since August 2022 and reflecting a continued increase in confidence since June 2025. The improvement was mainly due to stocks of finished products (0 vs 5) and overall order books (-20 vs -22). On the other hand, expected production declined (12 vs 15), prices are seen up (10 vs 5) and the labour hoarding increased (7 vs 5).

Slovenia’s seasonally adjusted business tendency indicator in manufacturing was steady for the second consecutive month at -4 in December 2025. This marks the highest level since January 2023, as employment trends improved, rising to 8 from 6 in November. The production outlook also strengthened, climbing to 15 from 13, while expectations for stocks of finished goods (5 vs 3 in November) and selling prices (5 vs 3) showed similar improvement. At the same time, sentiment remained positive for assessment of current production (3). Meanwhile, the outlook for export order books (-26) and overall order books (-23) was unchanged.

Slovenia’s seasonally adjusted business tendency indicator in manufacturing remained stable at -5 in November 2025, holding steady for the second consecutive month and marking its highest level since February 2023. Sentiment for export order books (-26) and overall order books (-24), as well as stocks of finished goods (3), remained unchanged from October. Employment trends (6 vs 4 in October) and production outlook (13 vs 11) showed improvement. Meanwhile, sentiment softened but remained positive for current production assessments (3 vs 4) and expectations for selling prices (3 vs 4).