Slovenia Industry March 2022

Slovenia

Slovenia: Industrial output bounces back in March

May 10, 2022

Industrial production expanded 2.8% year-on-year in March (February: -1.1% yoy). The turnaround was partly driven by faster growth in manufacturing output. In addition, mining and quarrying production improved.

On a monthly basis, industrial production increased 3.8% in seasonally-adjusted terms in March, contrasting February’s 8.0% fall and marking the best result since July 2020. Meanwhile, annual average industrial production growth fell to 9.8% in March (February: +10.6%), signaling a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project industrial production to grow 4.2% in 2022, which is down 0.8 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 3.6%.


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Slovenia Industry March 2022 0

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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