Slovenia Industry March 2020

Slovenia

Slovenia: Industrial production crashes at the fastest pace in over a decade in March

May 11, 2020

Industrial output plummeted 7.6% in year-on-year and working day adjusted terms in March, contrasting February's 2.4% increase. The print marked the worst result since October 2009, and largely reflected plummeting manufacturing production as a result of the government’s measure to contain the spread of Covid-19.

On a seasonally-adjusted monthly basis, industrial production rose sank 10.7% in March, compared to February’s 4.3% increase. Meanwhile, the trend pointed down with annual average growth of industrial production coming in at 1.5%, down from February's 2.5%.

FocusEconomics Consensus Forecast panelists expect industrial production to fall 4.2% in 2020, which is down 7.1 percentage points from last month’s forecast. For 2021, the panel projects industrial output growth will rise to 3.8%.


Author:, Economist

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