Slovenia Industry July 2021

Slovenia

Slovenia: Industrial output records slowest expansion since February in July

September 10, 2021

Industrial production growth slowed to 8.9% year-on-year in July (June: +20.3% yoy), marking the worst reading since February. Looking at the details of the release, manufacturing output moderated in July, and mining and quarrying output swung to contraction.



On a monthly basis, factory output fell 1.8% in seasonally-adjusted terms in July, contrasting June’s 2.3% expansion and marked the worst result since April 2020. Meanwhile, annual average industrial production growth rose to 7.5% in July (June: +6.3%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 7.0% in 2021, which is unchanged from last month’s forecast. For 2022, the panel projects industrial output will rise 4.6%.


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Slovenia Industry July 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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