Slovenia Industry October 2018

Slovenia

Slovenia: Industrial production accelerates in October

December 13, 2018

The industrial sector accelerated markedly, growing 3.9% over the same month of the previous year in October, following a 0.5% year-on-year expansion in September. An upsurge in the growth of the mining and quarrying, and manufacturing sectors drove October’s print. Moreover, the contraction of the electricity, gas and steam sector softened from the previous month.

On a month-on-month basis, industrial output rebounded in October. It swung from a revised 2.0% drop over the previous month in September (previously reported: -2.1% month-on-month) to a 2.5% month-on-month increase in October. Despite the upturn, annual average growth in industrial production declined to 7.0% in October, down from 7.5% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects industrial output growth will moderate to 4.2%.


Author:, Economist

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Slovenia Industry October 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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