Industry in Slovenia

Slovenia Industry | Economic News & Forecasts

Slovenia - Industry

Industrial output records quickest growth since January 2018 in March, amid a favorable base effect

Industrial production rose 8.5% year-on-year in March (February: -0.7% yoy), amid a favorable base effect. March's figure marked the best result since January 2018. March's rise was partly driven by a notable rebound in manufacturing production. In contrast, mining and quarrying output fell.

On a seasonally-adjusted monthly basis, factory output fell 1.0% in March (February: +1.1% mom), the worst result since April 2020. Meanwhile, the trend improved sizably, with the annual average variation of industrial production coming in at minus 4.7% in March, up from February's minus 6.1% reading.

The base effect should intensify in the coming months, boosting year-on-year industrial production readings, as the pandemic was at its height in Q2 last year.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 6.4% in 2021, which is unchanged from last month’s forecast. For 2022, the panel projects industrial output will rise 4.2%.

Slovenia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)5.6  6.6  7.7  5.1  3.3  

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Slovenia Industry Chart


Slovenia Industry
Note: Annual variation of industrial production in %.
Source: Statistical Office and FocusEconomics calculations.

Slovenia Facts

Value Change Date
Bond Yield0.30-0.79 %Dec 31
Exchange Rate1.120.65 %Dec 31

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