Slovenia: Industrial production accelerates in August
October 10, 2018
The industrial sector accelerated in August, growing 7.0% year-on-year, following July’s revised 5.4% annual expansion (previously reported: +5.9% year-on-year). A breakdown of the sub-sectors shows an across-the-board upturn. Mining and quarrying output rebounded—growing at the fastest pace of all three key sectors—while the manufacturing, and electricity, gas, and water supply sectors sped up.
On a month-on-month basis, industrial output rose 2.0% in August, marking a much bigger upturn than the revised 0.1% increase in July (previously reported: +0.3% month-on-month). Meanwhile, average annual growth in industrial production inched down to 8.4% in August from 8.5% in July.
Author: Nihad Ahmed, Economist