Slovenia Industry August 2018

Slovenia

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.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 6.4% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel projects industrial output will expand 5.0%, which is down 0.2 percentage points from last month’s estimate.


Author:, Economist

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Slovenia Industry August 2018

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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