Slovenia Industry June 2021

Slovenia

Slovenia: Industrial output growth slows in June

August 10, 2021

Industrial production grew 18.9% year-on-year in June (May: +22.1% yoy). The result was largely due to weaker manufacturing output growth. In addition, electricity, gas, steam and air conditioning supply production contracted.

On a seasonally-adjusted monthly basis, industrial production rebounded, rising 1.6% in June (May: -0.5% mom), the best result since January. Meanwhile, annual average industrial production growth rose to 6.2% in June (May: +3.7%). This signals an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 7.0% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel projects industrial output will rise 4.6%.


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Slovenia Industry June 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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