Slovenia Industry April 2018

Slovenia

Slovenia: Industrial production growth rises in April

June 8, 2018

Industrial production rose 6.9% over the same month of the previous year in April, marking an acceleration from a revised 6.1% annual upturn in March (previously reported: +6.4% year-on-year). Looking at a breakdown of the sub-sectors, mining and quarrying output rebounded in April, growing at a double-digit pace, while the manufacturing sector expanded at a swifter rate. Conversely, electricity, gas and water supply contracted after expanding at a stellar pace in March.

On a month-on-month basis, industrial output growth came in flat in April following a 0.5% expansion in March. Annual average growth in industrial production rose to 8.5% in April, up from 8.1% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 6.7% in 2018, which is down 1.5 percentage points from last month’s forecast. For 2019, the panel projects industrial output will expand 5.5%.


Author:, Economist

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Slovenia Industry April 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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