Slovenia Industry May 2018

Slovenia

Slovenia: Industrial production growth moderates in May

July 10, 2018

Industrial production grew 5.9% over the same month of the previous year in May and was a slightly slower pace of expansion from the previous month’s revised 7.0% upturn in April (previously reported: +6.9% year-on-year). A breakdown of the sub-sectors showed an across-the-board slowdown. While the mining and quarrying, and manufacturing sectors both grew at a strong pace in May, they lost ground from the previous month. Meanwhile, the growth of the electricity, gas and water supply sector was muted.

On a month-on-month basis, industrial output grew 0.7% in May following a milder rise by 0.2% in April. Meanwhile, annual average growth in industrial production edged down to 8.5% in May from 8.9% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 6.6% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel projects industrial output will expand 5.1%.


Author:, Economist

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Slovenia Industry May 2018

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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