Slovenia Economic Outlook
July 24, 2018Available data indicates that the economy continued to expand at a steady pace in the second quarter. Despite a slowdown in the Eurozone and increasing trade tensions, export growth remained in the double digits in April and May, which aided a healthy showing by the industrial sector. Moreover, retail sales rebounded robustly in May, as the strong wage growth seen in Q1 likely carried over into the second quarter, thanks to a tight labor market. Survey-based data signaled upbeat prospects for the end of Q2, with consumer confidence swinging back into positive territory, and business sentiment rising in June. Signs of overheating in the housing market are appearing, however, as prices jumped more than 13% year-on-year in Q1. Meanwhile, risks of prolonged political deadlock continue to mount as the center-right Slovenian Democratic Party cancelled invitations to coalition talks on 16 July. The center-left List party of Marjan Sarec, which emerged as the runner-up in the 3 June election, is expected to try to form a coalition of six parties, although the challenge in doing so makes early elections a likely outcome.
Slovenia Economic GrowthAnother year of strong economic growth is expected, powered by a strong expansion in investment aided by a more rapid disbursement of EU funds, and a healthy upturn in private consumption underpinned by a tighter labor market against the backdrop of low inflationary pressures. Growth is expected to moderate from last year, however, due to an anticipated slowdown in exports. Met the why particular panelists project GDP will expand 4.5% in 2018, which is unchanged from last month’s forecast, and a more moderate 3.5% in 2019.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.88||-0.79 %||Aug 15|
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||878||-0.30 %||Aug 14|
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Slovenia Economic News
July 31, 2018
Consumer prices declined 0.9% over the previous month in July, after coming in flat in June.
July 11, 2018
Industrial production grew 5.9% over the same month of the previous year in May and was a slightly slower pace of expansion from the previous month’s revised 7.0% upturn in April (previously reported: +6.9% year-on-year).
June 29, 2018
Consumer prices came in flat from the previous month in June, following a 1.2% month-on-month rise in May.
June 8, 2018
Industrial production rose 6.9% over the same month of the previous year in April, marking an acceleration from a revised 6.1% annual upturn in March (previously reported: +6.4% year-on-year).
May 31, 2018
The economy lost momentum in the first quarter of the year after having logged a stellar growth rate in the previous quarter.