Slovenia Industry September 2021

Slovenia

Slovenia: Industrial output records slowest expansion since February in September

November 10, 2021

Industrial output grew 7.7% year-on-year in September (August: +8.1% yoy). The result marked the worst reading since February. September's figure was partly driven by a deterioration in manufacturing output, which grew at the slowest pace since February. In addition, mining and quarrying production contracted heavily.

On a seasonally-adjusted monthly basis, factory output rose at a more moderate pace of 0.2% in September (August: +0.9% mom). Meanwhile, the trend improved significantly, with the annual average growth of industrial production coming in at plus 8.5%, up from August's 7.5%.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 5.2% in 2022, which is down 0.2 percentage points from last month’s forecast. For 2023, the panel projects industrial output will rise 3.4%.


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Slovenia Industry September 2021 1

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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