Slovenia: Industrial output loses steam in May
July 9, 2021
Industrial output expanded 22.1% compared to the same month of the previous year in May, which followed April's 35.2% increase. The figure was primarily driven by weaker manufacturing output. In addition, electricity, gas, steam and air conditioning supply production lost pace.
On a monthly basis, industrial output fell 0.4% in seasonally-adjusted terms in May, contrasting April’s 0.8% expansion and marking the worst result since December 2020. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 3.7%, up from April's 0.5%.
Author: Frederico Teixeira de Abreu, Junior Economist