Slovenia: Industrial sector continues to decelerate in June
August 9, 2019
Industrial production growth, on an annual basis, decelerated in June, sliding to 1.1% from 3.1% in May. A breakdown by sub-components showed that a sharp slowdown in manufacturing output was behind the downturn, more than offsetting a rebound in mining and quarrying, and a faster pace of expansion in the electricity, gas and water supply sector.
On a month-on-month basis, industrial output fell 1.6% in June after declining 0.9% in May. Meanwhile, average annual growth in industrial production dropped to 3.0% in June from 3.5% in May.
Author: Nihad Ahmed, Economist