Slovenian Economy Unexpectedly Contracted in the Third Quarter

Slovenia’s economy unexpectedly contracted in the third quarter from a year earlier as industrial output and export growth lost pace.

Gross domestic product shrank 0.5 percent from a year earlier, compared with revised growth of 0.8 percent in the second quarter, the statistics office in Ljubljana said today on its website. The median estimate of seven economists in a Bloomberg survey called for GDP rising 0.8 percent.

Consumer prices rose 2.7 percent in November from a year before, the same pace as the previous month, and 0.3 percent in the month. Retail sales rose 1.8 percent in the year in October and 0.8 percent in the month.

To contact the reporter on this story: Boris Cerni in Ljubljana, Slovenia at bcerni@bloomberg.net

To contact the editor responsible for this story: James Gomez at jagomez@bloomberg.net

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