Slovenia Industry November 2019

Slovenia

Slovenia: Industrial sector loses traction in November

January 10, 2020

The industrial output growth slowed to 1.3% in November, from 2.7% in October. The deceleration reflected a slowdown in manufacturing production and contractions in both mining and quarrying output and in utilities supply.

Meanwhile, average annual growth in industrial production remained stable at October’s 2.5%.

On a month-on-month basis, industrial output fell 1.2% in November after rising 2.1% the previous month.

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 November 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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