Slovenia: Industrial output growth edges down in May but remains robust
July 10, 2017
In May, industrial production grew 7.4% from the same month of the previous year, coming in slightly below April’s 7.8% rise. According to data released by the Statistical Office, the fall was spurred by a slower pace of expansion in electricity, gas and steam supply, which more than offset a faster rate of expansion in manufacturing output. Meanwhile, the mining and quarrying sector recorded no changes in output growth from a month earlier.
Industrial output increased by a seasonally-adjusted 1.6% month-on-month in May, contrasting April’s 0.5% decline. Annual average growth in industrial production inched down to 7.7% in May from 7.8% in the previous month.
Author: Nihad Ahmed, Economist