In the third quarter, domestic expenditure declined by 5.0% year-on-year due to both components of domestic expenditure: final consumption expenditure declined by 0.3% and gross capital formation by 19.6%.

Within final consumption, only household expenditure was lower in annual terms, down 0.9%, while general government expenditures rose 1.4%.

The large decline in gross fixed capital formation was mainly a consequence of the decrease in inventories. A decline was also observed in machinery and equipment, while investment in construction rose by 2.7%.

In the third quarter, exports shrank by an annual 9.5%, while imports fell 13.1%. IN a separate report, the Ljubljana-based statistics agency said that consumer prices fell by 0.9% year-on-year in November, after edging down by an annual 0.1% in October. In annual terms, the largest downward impact on the consumer prices of 1.1 percentage points, came from lower prices of petroleum products.

On a monthly basis, consumer prices increased 0.3%. Measured by the EUʼs harmonized index of consumer prices (HICP), Slovenia swung to annual deflation of 1.1% in November, from inflation of 1.4% in November 2019.