Slovenia Industry January 2022

Slovenia

Slovenia: Industrial output growth eases to 10-month low in January

March 10, 2022

Industrial output increased 9.9% year-on-year in January (December: +11.9% yoy). January's figure was partly driven by contractions in manufacturing output and mining and quarrying production.

On a monthly basis, industrial output grew 0.1% in seasonally-adjusted terms in January, which was below December’s 1.3% expansion. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 10.8%, up from December's 10.2%.

FocusEconomics Consensus Forecast panelists project industrial production to grow 5.8% in 2022, which is up 0.5 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 3.5%.


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Slovenia Industry January 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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