Slovenia Industry July 2019

Slovenia

Slovenia: Industrial sector gathers pace in July

September 10, 2019

Industrial production growth, on an annual basis, jumped to 5.0% in July from 1.2% in June. A breakdown by sub-components showed that a buoyant manufacturing sector drove the overall expansion, countering contractions in mining and quarrying, and the electricity, gas and water supply sector.

On a month-on-month basis, industrial output rebounded in July, growing 2.7% following a 1.7% drop in June. Meanwhile, average annual growth in industrial production remained at 3.0%.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.1% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel projects industrial output growth will weaken to 3.4%, which is unchanged from last month’s forecast.


Author:, Economist

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Slovenia Industry July 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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