Slovenia Industry July 2022

Slovenia

Slovenia: Industrial output records slowest expansion since February in July

September 9, 2022

Industrial output rose 0.5% in year-on-year terms in July, which was a deterioration from June's 0.8% increase. July's outturn marked the worst reading since February. The figure was partly due to a deterioration in manufacturing output growth, which also expanded at the slowest pace since February. In contrast, mining and quarrying output dropped at a more moderate pace.

On a monthly basis, industrial production declined 1.2% in seasonally-adjusted terms in July, which was greater than June’s 0.3% fall. Meanwhile, annual average industrial production growth fell to 4.3% in July (June: +4.9%).

FocusEconomics Consensus Forecast panelists project industrial production to grow 2.6% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 2.9%.


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Slovenia Industry July 2022

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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