Slovenia Industry May 2019

Slovenia

Slovenia: Industrial sector loses pace in May

July 10, 2019

Industrial production rose 3.1% on an annual basis in May, decelerating from April’s revised 5.3% expansion (previously reported: +5.7% year-on-year). A breakdown by sub-components showed that a notable slowdown in the manufacturing sector caused the downturn. The fall in growth was cushioned by a softer contraction in mining and quarrying, and a rebound in the supply of electricity, gas and water supply.

On a month-on-month basis, industrial output fell 0.9% in May, contrasting a 1.8% climb in April. Meanwhile, average annual growth in industrial production dropped to 3.5% from 3.8% in May.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.2% in 2019, which is up 0.2 percentage points from last month’s forecast. For 2020, the panel projects industrial output growth will weaken to 3.4%.


Author:, Economist

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Slovenia Industry May 2019 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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