Slovenia: Industrial output records slowest expansion since February in September
Industrial output grew 7.7% year-on-year in September (August: +8.1% yoy). The result marked the worst reading since February. September’s figure was partly driven by a deterioration in manufacturing output, which grew at the slowest pace since February. In addition, mining and quarrying production contracted heavily.
On a seasonally-adjusted monthly basis, factory output rose at a more moderate pace of 0.2% in September (August: +0.9% mom). Meanwhile, the trend improved significantly, with the annual average growth of industrial production coming in at plus 8.5%, up from August’s 7.5%.