Slovenia Industry December 2019

Slovenia

Slovenia: Industrial sector loses traction in December

February 10, 2020

Industrial production growth slowed to 1.0% year-on-year in December, from 1.3% in November. The deceleration reflected a contraction in mining and quarrying output, as well as slower manufacturing activity. On the upside, utilities supply rebounded.

Meanwhile, average annual growth in industrial production logged 2.9% in December, up from November’s 2.5%.

On a month-on-month basis, industrial output fell 1.8% in December after falling 1.1% in the previous month.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 2.7% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, the panel projects industrial output growth will rise to 3.2%.


Author:, Economist

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Slovenia Industry Chart


Slovenia Industry December 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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