Industrial production in Slovenia increased 0.8 percent year-on-year in August of 2019, below a 4.8 percent rise in the previous month. It was the lowest annual gain in industrial activity since December 2018, as manufacturing output slowed sharply (1.6 percent from 5.5 percent in July) while production continued to drop for mining & quarrying (-12.8 percent vs -7.7 percent) and electricity, gas and water supply (-5.1 percent vs -3.0 percent). On a monthly basis, industrial production fell 2.0 percent, after rising 2.6 percent in the prior month. Industrial Production in Slovenia averaged 2.80 percent from 1999 until 2019, reaching an all time high of 12.70 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 3.60 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.