Slovenia Industry January 2019

Slovenia

Slovenia: Industrial production rallies in January

March 11, 2019

Industrial production increased 5.7% on an annual basis in January, strongly rebounding from December’s revised 4.3% slump (previously reported: -3.1% year-on-year). A breakdown by subcomponents revealed that both manufacturing activity and electricity, gas, steam and air conditioning supply, bounced back from a month prior. Mining and quarrying, however, remained in the red.

On a month-on-month basis, industrial output jumped 5.9% in January, the highest reading in 36 months, after December’s revised 2.4% fall (previously reported: -1.5% mom). Meanwhile, average annual growth in industrial production logged 4.2%, down from 4.7% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.2% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects industrial output will weaken to 3.6%.


Author:, Economist

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Slovenia Industry January 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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