Slovenia Industry July 2018

Slovenia

Slovenia: Industrial production slows in July

September 10, 2018

Industrial production grew at a weaker pace of 5.9% year-on-year in July, down from a revised annual expansion of 6.3% in June (previously reported: -5.8% year-on-year). A breakdown of the sub-sector shows an across-the-board deterioration. Mining and quarrying output contracted 4.7%, contrasting a 10.5% rise in the previous month. While the manufacturing sector grew at broadly the same pace as the previous month (July: +6.6% yoy; June: +6.7% yoy), the electricity, gas, and water supply sector lost speed, growing 1.6% in July compared to 3.3% in June.

On a month-on-month basis, industrial output rebounded. In July, the industrial sector expanded 0.3% over the previous month, contrasting a 0.6% month-on-month contraction in June. Meanwhile, average growth in industrial production inched down to 8.6% in July from 8.7% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 6.4% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel projects industrial output will expand 5.0%, which is down 0.2 percentage points from last month’s estimate.


Author:, Economist

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Slovenia Industry July 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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