Slovenia Industry May 2021

Slovenia

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%.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 6.8% 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%.


Author:, Junior Economist

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Slovenia Industry May 2021 0

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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