Slovenia Industry December 2018

Slovenia

Slovenia: Industrial production sinks to near five-year low in December

February 11, 2019

After losing stride a month earlier (November: +1.8% year-on-year), annual industrial production plummeted 3.1% in December. A breakdown by subcomponents shows an across-the-board contraction, with mining and quarrying reporting the highest loses.

On a month-on-month basis, industrial output fell 1.5% in December, after decreasing 0.5% a month earlier. Meanwhile, average annual growth in industrial production fell to 4.7%, down from 6.0% in November.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects industrial output will weaken to 3.9%.


Author:, Economist

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Slovenia Industry December 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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