Slovenia: Industrial production expands at fastest pace in six months
April 10, 2013
In February, industrial production expanded a working day-adjusted 3.4% over the same month last year, which contrasted the 0.2% contraction observed in January. The figure represents the fastest pace of growth since August 2012 and mainly reflects rebounds in both mining and quarrying as well as in manufacturing output.
A month-on-month analysis confirms the improvement suggested by the annual data, as industrial output rose a seasonally-adjusted 3.4% in February, which contrasts the 1.7% drop seen in January.
As a result of the faster annual growth seen in February, the trend now points upwards, with annual average growth in industrial production stepping up from minus 0.4% in January to a flat reading in February.
FocusEconomics Consensus Forecast panellists expect industrial production to expand 1.6% this year, which is unchanged from last month's Consensus. For 2014, the panel sees industrial output growth accelerating to 3.0%.