Slovenia Economic Outlook
January 30, 2018The latest data for the final quarter points to solid growth at the close of the year, making Slovenia one of the Eurozone’s top performers in 2017. Growth in industrial production was strong in November, albeit moderating slightly from October’s 10-month high. Retail sales also picked up in the month. Consumer confidence entered positive territory for the first time in the survey’s history in October, and business confidence rose to a multi-year high in the quarter. Incoming data for January hints at brighter growth prospects: Consumer confidence continued to improve, shooting up to a new record high, and business sentiment climbed to the highest level since July 2007. However, discontent has been brewing among public sector workers regarding the limited magnitude of wage hikes, despite the economic gains yielded this year. This led an estimated 30,000 public servants to take to the streets in a one-day strike on 24 January to demand higher wages.
Slovenia Economic GrowthEconomic growth is set to remain healthy this year thanks to healthy growth in exports but is expected to moderate from 2017 due to an anticipated slowdown in investment. As part of the ongoing privatization drive, the government will be selling the country’s biggest state-owned bank, Nova Ljubljanska Banka, this year after missing the 2017 deadline set by the EU. FocusEconomics panelists expect the economy will grow 3.6% in 2018, which is up 0.1 percentage points from last month’s forecast. The panel projects GDP growth of 3.0% in 2019.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.31||-0.79 %||Feb 20|
|Exchange Rate||1.23||0.65 %||Feb 20|
|Stock Market||819||-0.30 %||Feb 20|
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Slovenia Economic News
January 10, 2018
In November, annual growth in industrial production remained robust but moderated slightly from the previous month.
December 29, 2017
In December, consumer prices came in flat in month-on-month terms, contrasting a 0.3% rise over the previous month in November and interrupting four consecutive months of rising prices.
December 11, 2017
In October, industrial production rose a stellar 10.8% over the same month of the previous year, up from the 8.6% year-on-year increase in September.
November 30, 2017
In November, consumer prices rose 0.3% over the previous month compared to a 0.1% increase in October.
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.