Slovenia Industry October 2021

Slovenia

Slovenia: Industrial output records lowest expansion since February in October

December 10, 2021

Industrial output increased 6.1% compared to the same month a year earlier in October, which followed September's 8.6% increase. October's figure marked the worst reading since February. October's notable slowdown was partly due to a deterioration in manufacturing production growth. Meanwhile, the decline in mining and quarrying lessened.

On a monthly basis, factory output grew 0.5% in seasonally-adjusted terms in October, which was below September’s 0.8% expansion. Meanwhile, the trend improved significantly, with the annual average growth of industrial production coming in at plus 9.2% in October, up from September's 8.6%.

FocusEconomics Consensus Forecast panelists project industrial production to grow 5.5% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 4.1%.


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Slovenia Industry October 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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