Slovenia Industry August 2019

Slovenia

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.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.3% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel projects industrial output growth will rise to 3.8% in 2021.


Author:, Economist

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Slovenia Industry August 2019

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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