Slovenia Industry April 2017

Slovenia

Slovenia: Industrial output growth healthy in April

June 9, 2017

Industrial production expanded 7.8% from the same month a year earlier in April, coming in below March’s impressive 9.8% expansion. According to the Statistical Office, April’s result was due to a slight deceleration in manufacturing output and a moderation in the ongoing, sharp expansion in mining and quarrying production. Moreover, electricity, gas and water supply output rebounded with a modest increase from a month earlier.

Industrial output fell by a seasonally-adjusted 0.5% month-on-month in April, contrasting March’s 1.4% expansion. Meanwhile, annual average growth in industrial production edged up 0.2 percentage points, to 7.6% in April from 7.4% a month earlier.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.4% in 2017, which is up 0.7 percentage points from last month’s forecast. For 2018, the panel sees industrial output expanding 4.7%.


Author:, Economist

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Slovenia Industry April 2017

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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