Slovenia Industry August 2021

Slovenia

Slovenia: Industrial output growth eases to six-month low in August

October 11, 2021

Industrial production increased 8.3% year-on-year in August (July: +8.8% yoy). The result marked the worst reading since February. August's reading was partly driven by a deterioration in manufacturing output growth. In addition, mining and quarrying production declined more drastically.



On a seasonally-adjusted monthly basis, factory output rebounded, rising 1.0% in August (July: -1.8% mom). Meanwhile, annual average industrial production growth rose to 7.5% in August (July: +6.8%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.2% in 2022, which is down 0.2 percentage points from last month’s forecast. For 2023, the panel projects industrial output will rise 3.4%.


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Slovenia Industry August 2021

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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