Slovenia: Industrial output growth hits 13-month low in January
March 21, 2017
Industrial production expanded 3.3% from the same month a year earlier in January, the slowest pace in more than a year and easing considerably from December’s revised 10.2% growth (previously reported: +6.6 year-on-year). According to the Statistical Office, the slowdown was driven by a sharp deceleration in manufacturing output growth. Conversely, electricity, gas and water supply output expanded at its fastest pace in nearly two years, while the decline in mining output moderated significantly from a month earlier.
Industrial output fell a seasonally-adjusted 1.8% month-on-month in January, recording the most significant contraction in more than two years and contrasting December’s 1.3% increase. Meanwhile, annual average growth in industrial production inched down to 6.4% in January from 6.6% a month earlier.
Author: Christopher Thomas, Economist