Slovenia Industry May 2020

Slovenia

Slovenia: Industrial output falls in May

July 10, 2020

Industrial production slid 16.9% year-on-year in May (April: -22.8% yoy). Looking at the details of the release, manufacturing production contracted at a softer pace in May, while the drop in mining and quarrying output worsened. Meanwhile, electricity, gas, steam and air conditioning supply output also shrunk at a quicker pace.

On a seasonally-adjusted monthly basis, factory output rebounded 9.0% in May (April: -14.7% mom s.a.). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.5%, down from April's minus 0.8% reading.

FocusEconomics Consensus Forecast panelists expect industrial production to fall -8.1% in 2020, which is up 0.9 percentage points from last month’s forecast. For 2021, the panel projects industrial output growth will rise to 4.5%.


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Slovenia Industry May 20 20 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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