Slovenia Industry January 2017

Slovenia

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.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.4% in 2017, which is up 0.2 percentage points from last month’s forecast. For 2018, the panel sees industrial output expanding 4.3%.


Author:, Economist

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Slovenia Industry January 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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