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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SloveniaSlovenia Tourist Arrivals climbed to 0.9% in December 2022
FMPMonthlyReleased January 2023
Slovenia Tourist Arrivals climbed to 0.9% in December 2022, released January 2023, up 6.05% from November's -5.15% reading. The print exceeded the -7.0% consensus by 7.9%. Tourist Arrivals has now declined for 3 consecutive months. Tourist Arrivals is now the lowest in 18 months.
Latest Release
0.9
Actual
-7
Consensus
-5.15
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tourist Arrivals (Slovenia) was reported at 0.9% in January 2023. This beat the market consensus of -7% by 7.9%. The reading rose from the previous value of -5.15%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 532.67%, up from the prior three at 448.33%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update January 2023.
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Tourist Arrivals - SI
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About Tourist Arrivals — Slovenia
DEFINITION
Tourist Arrivals is a financial indicator that measures the number of visitors entering a country for leisure or business purposes. It provides valuable insights into the health of a country's tourism industry and its overall economic performance. This indicator is often used by governments, businesses, and investors to make informed decisions and assess the potential impact of tourism on a country's economy. A high number of tourist arrivals can indicate a strong and thriving tourism sector, while a decline may signal potential challenges or opportunities for growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2022): actual 0.9 %, consensus -7 %. Prior reading (May 2022): 307 %. Before that (Apr 2022): 1,290.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.