Slovenia: Growth in industrial output accelerates in May
July 17, 2015
In May, industrial production expanded by 5.1% over the same month last year. The print marked an acceleration from the 4.1% increase tallied in April. According to the statistical office, May’s reading reflected a strong increase in manufacturing, which more than offset contractions in mining and quarrying as well as electricity, gas and water supply.
On a monthly basis, industrial output increased a seasonally-adjusted 0.7% in May, which contrasted the 0.1% decrease recorded in the previous month. Meanwhile, annual average growth in industrial production rose from 3.1% in April to 3.3% in May.
Author: Carl Kelly, Economist