Slovenia: Industrial production declines less sharply in April
June 10, 2013
In April, industrial production fell a working-day adjusted 1.1% over the same month last year, which was above the 3.3% drop seen in March. The figure mainly reflects a softer contraction in manufacturing output, whereas electricity, gas and water supply deteriorated and mining and quarrying plummeted over the previous month.
A month-on-month analysis confirms the improvement suggested by the annual data, as industrial output expanded a seasonally-adjusted 1.1% in April, which contrasts the 2.9% decline seen in March.
As a result of the monthly contraction, the trend continues to point downwards, with annual average growth in industrial production stepping down from minus 0.6% in March to minus 0.8% in April.
FocusEconomics Consensus Forecast panellists expect industrial production to expand 0.8% this year, which is unchanged from last month's Consensus. For 2014, the panel sees industrial output growth accelerating to 2.8%.