Slovenia Industry October 2020

Slovenia

Slovenia: Decline in industrial activity softens in October

December 10, 2020

Industrial output declined 1.0% in October (September: -3.3% yoy). October's reading marked the best result since February. The softer drop largely reflected more moderate falls in manufacturing and electricity, gas, steam and air conditioning supply output.

On a seasonally-adjusted monthly basis, industrial output rebounded, rising 3.1% in October (September: flat reading). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.7%, down from September's minus 5.4%.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.7% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, the panel projects industrial output will rise 3.9%.


Author:, Junior Economist

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Slovenia Industry October 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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