Industrial production in Slovenia rose 4.0 percent year-on-year in October of 2018, following a 0.5 percent increase in the previous month. Output advanced faster mainly for mining & quarrying (13.1 percent vs 6.6 percent in September) and manufacturing (4.4 percent vs 0.5 percent). In contrast, electricity, gas, steam & air conditioning supply decreased (-0.3 percent vs 0.3 percent). Year-to-date, industrial production advanced 6.0 percent compared to the same period of 2017. On a monthly basis, industrial production rose 2.5 percent. Industrial Production in Slovenia averaged 2.79 percent from 1999 until 2018, reaching an all time high of 12.70 percent in January of 2018 and a record low of -24.50 percent in June of 2009.
Industrial Production in Slovenia is expected to be 4.30 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 3.90 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.