Slovenia Industry October 2019

Slovenia

Slovenia: Industrial sector gathers momentum in October

December 10, 2019

The industrial sector picked up in October, with growth in annual terms rising to 2.7% from 1.9% in September. The acceleration was chiefly led by faster growth in manufacturing production, along with a softer contraction in mining and quarrying output. Conversely, output in utilities supply fell more sharply than in the month prior.

Meanwhile, average annual growth in industrial production inched down to 2.5% from 2.6% in September.

On a month-on-month basis, industrial output jumped to 2.1% in October after September’s 0.4% rebound.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.6% in 2020, which is unchanged from last month’s forecast. For 2021, the panel projects industrial output growth will rise to 4.2%.


Author:, Economist

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Slovenia Industry October 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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