Industrial production in Slovenia increased 3.1 percent year-on-year in May of 2019, easing from a downwardly revised 5.3 percent rise in the previous month, as manufacturing output slowed (3.3 percent vs 6.1 percent in April). On the other hand, electricity, gas, steam & air conditioning supply rebounded (3.2 percent vs -1.2 percent) while mining & quarrying production fell at a softer pace (-7.4 percent vs -11.7 percent). On a monthly basis, industrial production went down 0.9 percent, after a 1.8 percent gain in April. Industrial Production in Slovenia averaged 2.81 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.