Slovenia: Industrial production picks up speed in May
July 8, 2011
In May, industrial output expanded 6.2% over the same month the previous year, which was above April's 4.3% increase. Industrial production picked up in May despite an unfavorable base effect, as output had spiked 14.3% in May 2010. Seasonally adjusted data corroborate the acceleration suggested by the annual figures, as industrial production expanded 4.1% over the previous month in May (April: -3.1% month-on-month). In spite of the robust annual reading in May, annual average growth in industrial production continued pointing downwards and decelerated from 8.7% in April to 8.1%.