Slovenia Industry

Slovenia

Slovenia: Growth in industrial output decelerates in July

September 17, 2015

In July, industrial production expanded by 3.3% over the same month last year. The print marked a deceleration from the 3.8% increase tallied in June and the weakest growth in seven months. According to the statistical office, July’s reading reflected slower increases in the manufacturing sector and a contraction in electricity, gas and water supply. In contrast, the mining industry registered higher growth.

On a monthly basis, industrial output increased a seasonally-adjusted 0.9% in July, which contrasted the 0.6% decrease recorded in the previous month. Meanwhile, annual average growth in industrial production decreased from 3.8% in June to 3.6% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.0% in 2015, which is unchanged over last month’s Consensus. For 2016, the panel sees industrial output growth at 2.9%.


Author:, Economist

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Slovenia Industry July 2015

Note: Year-on-year and annual average growth of industrial production index in %.
Source: Statistical Office of the Republic of Slovenia (SORS).


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