Slovenia Industry July 2016

Slovenia

Slovenia: Growth in industrial production accelerates further in July

September 9, 2016

Industrial production in July expanded 7.4% over the same month last year, accelerating from the revised 6.3% expansion in June (previously reported: +6.1% year-on-year). According to the Statistical Institute, July’s print reflected a robust increase in manufacturing, while electricity, gas, water supply and mining contracted.

On a monthly basis, industrial output rose a seasonally-adjusted 1.2% in July, which was an acceleration over the 0.5% increase seen in June and marked the fastest increase in six months. Lastly, annual average growth in industrial production was 5.4%, slightly above June’s 5.1% increase.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.1% in 2016, which is unchanged from last month’s Consensus. For 2017, the panel sees industrial output growth at 3.5%.


Author:, Senior Economist

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Slovenia Industry July 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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