Slovenia GDP

Slovenia

Slovenia: Economic growth moderates slightly in Q2 on falling investment

August 31, 2015

GDP expanded 2.6% in Q2 over the same quarter of the previous year, which was slightly below the 2.8% increase recorded in Q1. The result was the lowest in five quarters.

Q2’s deceleration mainly reflected a slump in investment. Gross fixed investment fell 1.5% over the same quarter of the previous year, which contrasted the 1.6% increase tallied in Q1. Private consumption rose 1.7% in Q2, which was stronger than the 0.5% increase registered in Q1. Government consumption increased 0.4%, which contrasted the 1.0% decline in Q1.

Exports of goods and services rose 5.5% in Q2, which was down from the 6.1% increase recorded in Q1. Imports expanded 3.7% in Q1, which was below the 6.2% expansion in Q1. As a result, the external sector’s net contribution to overall economic growth improved from 0.5 percentage points in Q1 to 1.8 percentage points in Q2.

On a quarter-on-quarter, seasonally- and working- day adjusted basis, GDP recorded a 0.7% expansion in Q2, which matched Q1’s reading.

The Central Bank expects the economy to expand 2.2% in 2015 and 1.8% in 2016. FocusEconomics Consensus Forecast panelists expect the economy to increase 2.3% in 2015, which is unchanged from last month’s estimate. In 2016, the panel sees GDP expanding 2.1%.


Author:, Economist

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Slovenia GDP Q2 2015 0

Note: Year-on-year changes of GDP in %.
Source: Statistical Office of the Republic of Slovenia (SORS) and FocusEconomics Consensus Forecast.


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