Slovenia: Industrial production continues to slow in April
June 10, 2011
In April, industrial output expanded 6.8% over the same month the previous year, which was below March's 7.1% increase. While industrial production remains strong, a slowing trend has been in place since February, partially due to an unfavorable base effect. The April expansion in industrial production was mainly driven by manufacturing, while electricity, gas and water as well as mining and quarrying contracted. Seasonally adjusted data corroborate the slowdown suggested by the annual data, as industrial production declined 3.0% over the previous month (March: +2.2% month-on-month). As a consequence of the more subdued figures, annual average growth in industrial production decelerated from 9.5% in March to 9.3% in April.