Slovenia Business Morale Steady in March

Slovenia’s seasonally adjusted manufacturing business tendency indicator stood at -8 in March 2026, unchanged from the previous month, marking a two-month low since June 2025. Production expectations held steady at 5, matching the prior reading in February, while export order books deteriorated further to -27 from -26, alongside a decline in overall order books to -26 from -25. At the same time, current production edged down to 2 from 3, stocks of finished products fell to 2 from 5, and selling price expectations eased to 10 from 13. Conversely, employment expectations improved to 3 from -1.

Slovenia’s seasonally adjusted business tendency indicator in manufacturing fell by 5 points to -8 in February 2026 from -3 in January, marking the lowest level since June 2025. Production expectations declined to 5 from 12 in January, while assessments of overall order books worsened to -23 from -22 and export order books slipped to -25 from -24. At the same time, employment expectations deteriorated sharply to -1 from a positive 8 in the previous month. Meanwhile, current production was unchanged at 3, while selling price expectations rose to 13 from 10 and stocks of finished products increased to 5 from 0.

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).