Slovenia Industry


Industrial production expands at fastest pace in six months

In February, industrial production expanded a working day-adjusted 3.4% over the same month last year, which contrasted the 0.2% contraction observed in January. The figure represents the fastest pace of growth since August 2012 and mainly reflects rebounds in both mining and quarrying as well as in manufacturing output.

A month-on-month analysis confirms the improvement suggested by the annual data, as industrial output rose a seasonally-adjusted 3.4% in February, which contrasts the 1.7% drop seen in January.

As a result of the faster annual growth seen in February, the trend now points upwards, with annual average growth in industrial production stepping up from minus 0.4% in January to a flat reading in February.

FocusEconomics Consensus Forecast panellists expect industrial production to expand 1.6% this year, which is unchanged from last month's Consensus. For 2014, the panel sees industrial output growth accelerating to 3.0%.

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Slovenia Industry Chart

Slovenia Industry February 2013

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

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