Industrial production in Slovenia increased 4.3 percent year-on-year in February of 2019, easing from an upwardly revised 6.1 percent jump in the preceding month. Manufacturing production grew at a slower pace (5.2 percent from 6.4 percent in January) while electricity, gas, steam & air conditioning output fell (-6.9 percent from 5.9 percent). Meanwhile, mining & quarrying rebounded sharply (22.8 percent from -6.7 percent). On a monthly basis, industrial production went down 1.1 percent, after a 6.2 percent rise in the previous month. Industrial Production in Slovenia averaged 2.78 percent from 1999 until 2019, 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 3.70 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.