Slovenia: Industrial production eases in February
Industrial production increased 4.3% on an annual basis in February, decelerating from January’s revised 6.2% upturn (previously reported: +5.7% year-on-year). A breakdown by subcomponents revealed that the electricity, gas, steam and air conditioning supply sector contracted compared to the month prior, while manufacturing production decelerated. In contrast, mining and quarrying output rebounded strongly in February.
On a month-on-month basis, industrial output fell 1.1% in February after January’s revised 12-year-high of 6.2% (previously reported: +5.9% mom). Meanwhile, average annual growth in industrial production edged down to 4.0%, from 4.2% in January.