Slovenia Industry March 2019

Slovenia

Slovenia: Industrial production eases again in March

May 10, 2019

Industrial production increased 2.9% on an annual basis in March, decelerating from February’s revised 4.1% upturn (previously reported: +4.3% year-on-year). A breakdown by subcomponents revealed that the electricity, gas, steam and air conditioning supply sector contracted for a consecutive month in March, while manufacturing production decelerated. In contrast, mining and quarrying output recorded robust gains in March.

On a month-on-month basis, industrial output fell 0.6% in March after February’s revised 1.4% contraction (previously reported: -1.1% month-on-month). Meanwhile, average annual growth in industrial production edged down to 4.0%, from 4.3% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects industrial output will weaken to 3.6%.


Author:, Economist

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Slovenia Industry March 2019

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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