Slovenia: Industrial sector records robust, but slightly more moderate, growth in November
January 10, 2018
In November, annual growth in industrial production remained robust but moderated slightly from the previous month. Output in the sector grew 9.9% over the same month of 2016, down from October’s 10.8% surge.
Looking at a breakdown of the headline figure released by the Statistical Institute, the fall in growth of overall industrial output was primarily brought about by a substantial slowdown in the electricity, gas, steam and air conditioning supply sector. The sub-sector grew 2.2% in annual terms in November compared to 9.5% in the preceding month. Meanwhile, the manufacturing sector continued growing at a robust, but slightly more moderate, pace than the previous month (November: +10.9% year-on-year; October: +11.1% yoy). On the upside, the mining and quarrying sector registered growth, albeit at a weak rate, after contracting sharply in October (November: +0.9% yoy; October: -9.8% yoy).
In month-on-month terms, industrial production growth ticked up to 0.7% in November, after decelerating sharply to 0.4% in October. Annual average growth in industrial production inched up to 8.0% in November, from 7.9% in October.
Author: Nihad Ahmed, Economist