Slovenia Industry


Industrial production records largest drop in five months

In August, industrial production contracted 3.2% from the same month last year, marking a deterioration over the 0.4% decrease recorded in July (previously reported: 0.0% year-on-year). The reading marks the largest drop recorded since March this year. According to the statistical office, the August figure mainly reflects a deterioration in manufacturing output and mining and quarrying. Conversely, electricity, gas and water supply improved compared to July.

On a monthly basis, industrial output increased a seasonally-adjusted 0.3% in August, contrasting the 0.1% decline seen in July. Meanwhile, average growth in industrial production edged down from minus 1.2% in July to minus 1.8% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to contract 1.3% this year, which is down 0.3 percentage points from last month's Consensus. For 2014, the panel sees industrial output growth rebounding to 1.6%, which is down 0.1 percentage points over the past month's estimate.

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Slovenia Industry Chart

Slovenia Industry August 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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