Slovenia: Industrial production decelerates sharply in September
November 14, 2018
The industrial sector decelerated markedly in September, growing a meagre 0.5% over the same month of the previous year, down from a revised year-on-year expansion of 6.0% in August (previously reported: +7.0% year-on-year). Looking at a breakdown of the sectors, the marked downturn was due to sharp decelerations in the manufacturing sector, and the supply of electricity, gas and steam. While the mining and quarrying sector also lost traction, the fall in growth was much more moderate.
On a month-on-month basis, industrial output contracted 2.1% in September, contrasting a revised 1.4% expansion over the previous month in August (previously reported: +2.0% month-on-month). Meanwhile, average annual growth in industrial production dropped to 7.5% in September, down from 8.3% in August.
Slovenia Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.9% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel projects industrial output growth will weaken to 4.2%.
Author: Nihad Ahmed, Economist