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