Slovenia Industry March 2016

Slovenia

Slovenia: Growth in industrial output deteriorates in March

April 8, 2016

In March, industrial production expanded 4.4% over the same month last year. The reading marked a deceleration from the revised 6.3% increase tallied in February (previously reported: +6.5% year-on-year). According to the statistical office, March’s print reflected a significant increase in manufacturing production, which more than outweighed drops in both mining output and electricity, gas and steam supply.

On a monthly basis, industrial output decreased a seasonally-adjusted 0.7% in March, which contrasted the 0.2% increase recorded in the previous month. Meanwhile, annual average growth in industrial production was 5.1%, down slightly from February’s 5.2% increase.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.6% in 2016, which is unchanged over last month’s Consensus. For 2017, the panel sees industrial output growth at 3.7%.


Author:, Economist

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Slovenia Industry March 2016

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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