Slovenia: Industrial production posts robust growth in January
March 25, 2014
In January, industrial production expanded 4.4% over the same month last year. The increase followed the 5.2% expansion recorded in December and marked the third consecutive positive reading. According to the statistical office, January's increase mainly reflects a healthy expansion in mining and quarrying as well as an increase in manufacturing output. In addition, electricity, gas and water supply rebounded in January. On a monthly basis, industrial output increased a seasonally-adjusted 0.6% in January, which followed the 2.7% rise tallied in the previous month. Meanwhile, annual average growth in industrial production edged up from minus 0.7% in December to minus 0.1% in January, marking the highest level since August 2012. FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.4% this year, which is unchanged over last month's Consensus. For 2015, the panel sees industrial output growth accelerating to 2.3%.