Slovenia: Industrial activity falls at sharpest pace since May 2024 in April
Latest reading: Industrial output fell 4.6% in year-on-year terms in April, which was a larger contraction than March’s 2.0% decrease. April’s result marked the worst reading since May 2024. Looking at the details of the release, the drop was largely driven by a fall in manufacturing output. Furthermore, production contracted in both the mining and quarrying, and energy supply sub-sectors.
On a monthly basis, industrial production fell 1.2% in seasonally adjusted terms in April, easing from March’s 1.5% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.0%, down from March’s minus 0.7% reading.