Slovenia Economic Outlook
November 20, 2018The latest data suggests the economy expanded robustly in the third quarter. Average retail sales growth accelerated in Q3 compared to the previous period, indicating an upturn in private consumption amid low levels of inflation and unemployment. Export growth remained strong in the quarter but lost pace from Q2, likely owing to the widespread downturn in the Eurozone. Heading into Q4, consumer confidence improved slightly in October, although stayed in negative territory, while business sentiment strengthened—which should bode well for fixed investment. On 14 November, the country conducted an initial public offering for the partial privatization of one of the country’s largest state-owned banks, Nova Ljubljanska Banka (NLB), valuing the sale at EUR 1.03 billion (USD 1.17 billion). The country will aim to sell a further stake by the end of 2019, although will retain a 25% holding in order to influence future key decisions within the bank.
Slovenia Economic GrowthGrowth is expected to weaken next year as exports decelerate, following the lead of anemic growth more broadly in the Eurozone. Fixed investment is also expected to moderate amid less favorable financing conditions as the European Central Bank moves to tighten its monetary policy stance. That said, a tighter labor market and restrained inflationary pressures should boost private consumption. FocusEconomics panelists project GDP will expand 3.4% in 2019, which is unchanged from last month’s forecast, before slowing to 2.9% in 2020.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.11||-0.79 %||Dec 12|
|Exchange Rate||1.14||0.65 %||Dec 12|
|Stock Market||796||-0.30 %||Dec 12|
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Slovenia Economic News
November 30, 2018
Detailed national accounts data released by the country’s Statistical Office on 30 November revealed that the economy sped up in the third quarter, with annual GDP growth climbing to 4.8%, up from 4.0% in the second quarter.
November 30, 2018
Consumer prices increased 0.1% over the previous month in November, following a 0.3% month-on-month rise in October.
November 14, 2018
The industrial sector decelerated markedly in September, growing a meagre 0.5% over the same month of the previous year, down from a revised year-on-year expansion of 6.0% in August (previously reported: +7.0% year-on-year).
October 30, 2018
Consumer prices rose 0.3% over the previous month in October, following a 0.4% month-on-month increase in September.
October 10, 2018
The industrial sector accelerated in August, growing 7.0% year-on-year, following July’s revised 5.4% annual expansion (previously reported: +5.9% year-on-year).