Slovenia Industry June 2017

Slovenia

Slovenia: Industrial output growth falls for the third consecutive month

August 10, 2017

Industrial production in June expanded a solid 6.7% over the same month of the previous year, which marked a slowdown from the 7.4% increase recorded in May. Data released by the Statistical Office revealed that the decline was broad-based: Mining and quarrying was hit the hardest, while the fall in output growth was more moderate in the manufacturing, and electricity, gas, and steam supply sectors.

Industrial output fell by a seasonally-adjusted 0.8% month-on-month in June, contrasting May’s 1.6% increase. Despite this, annual average growth in industrial production remained at the previous month’s 7.8%.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 6.2% in 2017, which is up 0.2 percentage points from last month’s forecast. For 2018, the panel sees industrial output expanding 4.9%.


Author:, Economist

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Slovenia Industry June 2017 1

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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