Slovenia Industry May 2022

Slovenia

Slovenia: Industrial output growth gains momentum in May

July 11, 2022

Industrial output grew 3.0% compared to the same month of the previous year in May, which was above April's 1.9% increase. All three main industrial groups improved: consumer goods industries by 1.0%, capital goods industries by 0.4%, and intermediate goods industries by 0.1%.

On a seasonally-adjusted monthly basis, industrial production rose at a quicker rate of 0.8% in May (April: +0.2% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.3%, down from April's 7.7%.

FocusEconomics Consensus Forecast panelists project industrial production to grow 3.0% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 3.3%.


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Slovenia Industry May 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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