Slovenia Industry August 2022

Slovenia

Slovenia: Industrial output posts quickest growth since January in August

October 10, 2022

Industrial output expanded 4.8% compared to the same month of the previous year in August, which followed July's 4.1% increase. The figure marked the best reading since January. August's upturn came on the back of pickups in manufacturing and mining and quarrying production.

On a seasonally adjusted monthly basis, factory output rose at a quicker rate of 1.2% in August (July: +0.5% mom), the best result since March. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 5.0% in August, down from July's 5.1%.

FocusEconomics Consensus Forecast panelists project industrial production to grow 2.1% in 2022, which is down 0.5 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 2.7%.


Author:, Junior Economist

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