Slovenia Industry August 2016

Slovenia

Slovenia: Growth in industrial production softens in August

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%.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.3% in 2016, which is up 0.2 percentage points from last month’s Consensus. For 2017, the panel sees industrial output growth at 3.7%.


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Slovenia Industry August 2016

Note: Year-on-year and annual average growth of industrial production index in %.
Source: Statistical Office of the Republic of Slovenia (SORS).


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