Slovenia: Growth in industrial production softens in August
October 17, 2016
Industrial production in August expanded 5.9% from the same month last year, decelerating from the revised 7.0% expansion in July (previously reported: +7.4% year-on-year). According to the Statistical Institute, the deceleration was broad-based, owing largely to collective holidays. An increase in mining and quarrying was not enough to compensate for the setbacks registered in the manufacturing and utilities sectors.
On a monthly basis, industrial output decreased a seasonally-adjusted 0.5% in August, which was below the 1.1% increase seen in July and marked the lowest figure in eight months. Lastly, annual average growth in industrial production in August was stable at July’s 5.4%.
Author: Dirina Mançellari, Senior Economist