Slovenia Industry January 2021

Slovenia

Slovenia: Industrial output expands at fastest pace since February 2020 in January

March 10, 2021

Industrial output increased 1.3% in year-on-year terms in January, which contrasted December's -0.8% decrease. January's figure marked the best result since February 2020. The figure was largely driven by a notable rebound in manufacturing production.

On a monthly basis, factory output rose 1.6% in seasonally-adjusted terms in January, contrasting December’s 0.7% fall. Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 5.7% in January, up from December's minus 6.0% reading.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.5% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel projects industrial output will rise 5.7%.


Author:, Junior Economist

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Slovenia Industry January 2021 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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