Industrial production in Slovenia decreased 3.1 percent year-on-year in December of 2018, compared to a downwardly revised 1.8 percent rise in the previous month. It was the largest decline in industrial production since February 2014, as output fell sharply for manufacturing (-2.9 percent from 2.0 percent in November) and for electricity, gas, steam & air conditioning supply (-4.8 percent from 2.3 percent) while production decreased less for mining & quarrying (-10.7 percent from -15.3 percent). On a monthly basis, industrial production went down 1.5 percent, following an upwardly revised 0.5 percent loss in November. Considering full 2018, Slovenia industrial increased 4.6 percent compared to the previous year. Industrial Production in Slovenia averaged 2.77 percent from 1999 until 2018, reaching an all time high of 12.50 percent in December of 2017 and a record low of -24.50 percent in June of 2009.
Industrial Production in Slovenia is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Slovenia to stand at 3.60 in 12 months time. In the long-term, the Slovenia Industrial Production is projected to trend around 2.70 percent in 2020, according to our econometric models.