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.
Author: Carl Kelly, Economist