Slovenia Industry April 2022

Slovenia

Slovenia: Industrial output growth deteriorates in April

June 10, 2022

Industrial output rose 2.1% compared to the same month of the previous year in April, which was a deterioration from March's 3.8% increase. April's notable slowdown was partly driven by a deterioration in manufacturing production growth. In addition, mining and quarrying output decelerated.

On a monthly basis, industrial production rose 0.4% in seasonally-adjusted terms in April, which was notably below March’s 4.3% expansion. Meanwhile, annual average industrial production growth fell to 7.7% in April (March: +10.0%). This signals a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project industrial production to grow 3.3% in 2022, which is down 0.9 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 3.6%.


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Slovenia Industry April 2022

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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