Slovenia Industry November 2018

Slovenia

Slovenia: Industrial production slows in November

January 10, 2019

The industrial sector lost its stride in November, reporting a 2.5% increase in output over the same month of the previous year, down from October’s 3.7% expansion. A breakdown by subcomponents shows that a sharp contraction in mining and quarrying, coupled with flat growth in manufacturing, weighed on the headline reading. November’s supply of electricity, gas and steam saw a mild increase, however.

On a month-on-month basis, industrial output contracted 0.2% in November, contrasting a 2.3% expansion over the previous month in October. Meanwhile, average annual growth in industrial production fell to 6.3%, down from 6.9% a month prior.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects industrial output will weaken to 4.1%.


Author:, Economist

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Slovenia Industry November 2018 0

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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