Slovenia Business Confidence at 2022-Highs

Slovenia's seasonally adjusted manufacturing confidence indicator improved to -2 in July 2026 from -4 in June, marking its least pessimistic reading since August 2022. The improvement was broad-based, while uncertainty eased to its lowest level since October 2025 (30 vs. 33). Production expectations strengthened (13 vs. 7), while the assessment of current production edged up to 5 from 4. Finished goods inventories also increased slightly (3 vs. 2). Order books improved overall (-16 vs. -17) and for exports (-18 vs. -20), while selling price expectations moderated (8 vs. 13). Employment expectations edged up to 8 from 7, although accumulation of labor eased (5 vs. 8). Outside manufacturing, confidence improved in retail trade, was unchanged in construction, and weakened in services, with sentiment in all three sectors remaining above their long-term averages.

Slovenia’s seasonally adjusted manufacturing business tendency indicator improved to -4 in June 2026 from -5 in May, marking the least pessimistic reading since January. The improvement was supported by a slightly stronger assessment of current production (4 vs 3 in May), higher employment expectations (7 vs 6), and a modest improvement in total orders assessments (-17 vs -19). Production expectations remained unchanged at 6, as did the labour hoarding indicator at 8, while stocks of finished goods declined to 2 from 3, pointing to lower inventory accumulation. Selling price expectations also fell to 13 from 21. On the other hand, the indicator for total order books deteriorated slightly to -21 from -20, while the gauge for uncertainty edged up to 33 from 32. Outside manufacturing, sentiment weakened in retail trade, construction, and services, though confidence in all three sectors remained above their long-term averages.

Slovenia’s seasonally adjusted manufacturing business tendency indicator rose to -6 in May 2026 from a revised -8 in April, marking the highest reading since January. The assessment of current production turned positive (3 vs -1 in April), and production expectations improved (6 vs 3). The indicator for total order books declined at a slower pace (-21 vs -23), while that for stocks of finished goods remained unchanged at 3. In addition, employment prospects increased (6 vs 4), while selling price expectations eased (21 vs 26). Uncertainty also fell (32 vs 65), while the labour hoarding indicator held steady at 8. Among other sectors, confidence also improved in retail trade, construction, and services.