Slovenia: Decline in industrial activity softens in March
Latest reading: Industrial output fell 1.9% in year-on-year terms in March, improving from February’s 2.8% decrease. March’s softer drop was partly due to a milder fall in manufacturing production. In addition, mining and quarrying output rebounded. That said, energy supply lost some steam.
On a monthly basis, industrial output fell 1.3% in seasonally adjusted terms in March, easing from February’s 1.8% fall. Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 0.7%, up from February’s minus 0.9% reading.