Slovenia Economic Outlook
November 21, 2017The economy remains among the top performers in the Euro area at the outset of Q4, after annual GDP growth shot up to pre-crisis levels in H1. In October, industrial production growth edged up as exports continued to rise at a double-digit pace. Favorable economic prospects lifted the consumer confidence indicator out of pessimistic territory in October for the first time since the survey was launched in January 2005, despite a slowdown in retail sales in September. Business confidence also climbed to an over ten-year high in October. A higher collection of tax revenues and reduced expenditures in the January–October period swung the government budget to surplus. In the World Bank’s annual Doing Business report, published on 31 October, Slovenia was cited as having achieved notable improvement in access to credit, which should help it become a bigger magnet for foreign investment. Moreover, on 9 November, the European Commission revised Slovenia’s growth forecast up markedly for this year and next.
Slovenia Economic GrowthHigher investment, solid growth in exports, and robust private consumption aided by a healthier labor market and rising wages should keep the economy on track next year. FocusEconomics panelists project the economy will grow 3.3% in 2018, which is unchanged from last month’s forecast. The panel expects the economy to expand 2.9% in 2019.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.68||-0.79 %||Dec 06|
|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||773||-0.30 %||Dec 06|
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Slovenia Economic News
November 10, 2017
In September, industrial production expanded 8.6% over the same month of the previous year, up from the revised 8.2% year-on-year rise (previously reported: +8.3% year-on-year) recorded in August.
October 30, 2017
In October, consumer prices increased 0.1% over the previous month, down from a 0.2% rise in September.
October 16, 2017
In September, consumer prices rose 0.2% over the previous month, which followed a 0.1% rise in August.
October 10, 2017
In August, industrial production grew 8.3% over the same month of the previous year, a marked improvement from July’s 6.4% rise.
September 8, 2017
Industrial production growth slowed for the fourth consecutive month in July, expanding 6.4% over the same month of the previous year, down from the 6.9% recorded in June.