FX.co ★ Slovenia Business Morale Weakens in April

Slovenia’s seasonally adjusted manufacturing business tendency indicator fell to -9 in April 2026 from -8 in March, extending the deterioration in sentiment and marking the weakest reading since September 2025. The decline was driven by a shift in current production into negative territory (-1 vs 1 in March), while demand conditions remained subdued. Both export and total order books were unchanged at -26, underscoring persistent weakness in external and domestic demand. At the same time, stocks of finished products inched up to 3 from 2, indicating slower inventory turnover. Looking ahead, production expectations eased (2 vs 4), and price expectations rose sharply (26 vs 10). Employment expectations improved slightly (4 vs 3), but uncertainty remained high at 35, while the labour hoarding indicator stayed at 8, suggesting firms are holding on to workers despite weaker activity.