Industrial production in Slovenia increased 1.1 percent year-on-year in June of 2019, below a 3.1 percent rise in the previous month. It was the lowest annual gain in industrial activity since September of 2018, as output slowed sharply for manufacturing (0.7 percent from 3.2 percent in May). On the other hand, mining & quarrying production rebounded (1.4 percent from -8 percent) and output advanced faster for electricity, gas and water supply (4.7 percent from 2.5 percent). On a monthly basis, industrial production fell 1.6 percent, following a 0.8 percent decrease in May. Considering the first half of the year, industrial output rose 3.7 percent over the same period a year earlier, which was the smallest growth in the last six years, when in the first half of 2013 industrial production grew by 0.9 percent. 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 3.90 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.