Slovenia: Industrial output growth decelerates sharply in August
October 10, 2019
The industrial sector decelerated sharply in August, with annual growth in output slipping to 0.8% from 4.8% in July. August’s decline was the sharpest year-to-date. A breakdown by sub-components showed that manufacturing production lost steam, while mining and quarrying, and electricity, gas and water supply both contracted at a faster rate than last month.
On a month-on-month basis, industrial output fell 2.0% in August, contrasting a 2.6% expansion in July. The fall was also the most marked year-to-date. Meanwhile, average annual growth in industrial production slid to 2.5% in August from 2.9% in July.
Author: Nihad Ahmed, Economist