Slovenia: Contraction in industrial production lessens in September
November 8, 2013
In September, industrial production contracted 0.4% over the same month last year, marking an improvement over the 3.2% decrease recorded in August. According to the statistical office, the September figure mainly reflects a softer drop in manufacturing output. Conversely, electricity, gas and water supply, as well as mining and quarrying, deteriorated compared to August.
On a monthly basis, industrial output increased a seasonally-adjusted 0.3% in September, matching the result tallied in the previous month. Meanwhile, annual average growth in industrial production edged up from minus 1.8% in August to minus 1.6% in September.
FocusEconomics Consensus Forecast panelists expect industrial production to contract 1.3% this year, which is unchanged from last month's Consensus. For 2014, the panel sees industrial output growth rebounding to 1.5%, which is down 0.1 percentage points over the past month's estimate.