Slovenia Industry


Industrial production decelerates in July

In July, industrial production grew a working-day adjusted 1.9% over the same month last year, which marked a deceleration over the 2.6% expansion recorded in June. According to the statistical office, weaker growth in manufacturing and a slowdown in electricity, gas and water supply, were the main drivers behind the monthly reading. A month-on-month comparison showed a sharper deterioration than the slowdown suggested by the annual figures, as industrial output contracted a seasonally adjusted 2.3% in July, which contrasted the 2.7% expansion observed in June. Despite the subdued July print, the trend maintains its upward momentum, with annual average growth in industrial production inching up from 0.2% in June to 0.3% in July.

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Slovenia Industry Chart

Slovenia Industry July 2012

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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