Slovenia: Industrial production expands at fastest pace in over three years in July
September 10, 2014
In July, industrial production expanded 9.0% over the same month last year, which followed the 4.3% increase recorded in June and marked the fastest growth since December 2010. According to the statistical office, July’s acceleration mainly reflected much stronger growth in electricity, gas and water supply and, to a lesser extent, manufacturing output. Conversely, mining and quarrying dipped into the red in July.
On a monthly basis, industrial output expanded a seasonally-adjusted 2.3% in July, which followed the 1.3% increase recorded in the previous month. Meanwhile, annual average growth in industrial production rose from 1.1% in June to 2.0% in July, which represented the highest level since December 2011.