Slovenia Industry November 2020

Slovenia

Slovenia: Decline in industrial activity softens in November

January 11, 2021

Industrial output dropped 0.8% in November (October: -1.3% yoy). The figure marked the best performance since February. November's softer drop was largely due to an improvement in manufacturing activity. In addition, mining and quarrying production soared.

On a monthly basis, factory output rose 0.2% in seasonally-adjusted terms in November, which was notably below October’s 2.7% expansion. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.9% in November, down from October's minus 5.8%.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.8% in 2021, which is up 1.1 percentage points from last month’s forecast. For 2022, the panel projects industrial output will rise 4.9%.


Author:, Junior Economist

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Slovenia Industry November 20 20

Note: Year-on-year working day adjusted and annual average growth of industrial production index in %.
Source: Statistical Office of the Republic of Slovenia (SORS).


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