Slovenia Industry April 2019

Slovenia

Slovenia: Industrial production growth climbs to three-month-high in April

June 10, 2019

Industrial production increased 5.7% on an annual basis in April, accelerating from March’s revised 3.5% outturn (previously reported: +2.9% year-on-year). A breakdown by sub-components revealed that stronger manufacturing activity and a soft rebound in utilities drove April’s pick-up. In contrast, mining and quarrying output contracted in the month.

On a month-on-month basis, industrial output increased 1.8% in April, following March’s revised 0.3% contraction (previously reported: -1.4% month-on-month). Meanwhile, average annual growth in industrial production edged down to 3.9%, from 4.0% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects industrial output growth will weaken to 3.8%.


Author:, Economist

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Slovenia Industry April 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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