Slovenia Industry September 2020

Slovenia

Slovenia: Industrial activity deteriorates in September

November 10, 2020

Industrial output dropped 3.6% year-on-year in September (August: -1.5% yoy). September's notable drop was largely due to a deterioration in manufacturing output, dragged down by lower automobile production. In contrast, mining and quarrying production gained steam.

On a monthly basis, industrial production decreased 0.4% in seasonally-adjusted terms in September, contrasting August’s 2.1% expansion and marking the first drop since April. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.4% in September, down from August's minus 4.9% reading.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.9% in 2021, which is down 0.4 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 September 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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