Slovenia Industry February 2020

Slovenia

Slovenia: Industrial production rebounds in February

April 10, 2020

Industrial output rose 2.4% in year-on-year and working day adjusted terms in February, which contrasted January's 0.9% decrease. The print marked the best result since October 2019. The turnaround was driven by faster growth in manufacturing output. Meanwhile, mining and quarrying contracted at a softer pace.

On a seasonally-adjusted monthly basis, industrial production rose 1.4% in February, which was below January’s 1.9% increase. Meanwhile, the trend pointed down with annual average growth of industrial production coming in at 2.4% from January's 2.6%.

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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Slovenia Industry February 20 20

Note: Year-on-year and annual average growth of industrial production index in %.
Source: Statistical Office of the Republic of Slovenia (SORS).


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