Industry in Slovenia
Slovenia - Industry
Industrial activity falls at sharpest rate in one year in February
Industrial output declined 1.2% in year-on-year terms in February, which contrasted January's 9.2% increase. The figure marked the steepest contraction since February 2021. The notable deterioration largely reflected easing manufacturing, mining and quarrying production.
On a monthly basis, factory output plunged 8.3% in seasonally-adjusted terms in February, which was significantly below January’s flat reading and marked the worst result since April 2020—when the Covid-19 pandemic first began raging through Europe. The huge drop was due to ongoing government intervention in the electricity market, with supply disrupted by the state’s decision to freeze a fee which is normally paid to electricity distributors. The government move was made in order to ease cost of living pressures on Slovenian households.
Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 10.7% in February, up from January's 10.6% reading.
FocusEconomics Consensus Forecast panelists project industrial production to grow 5.0% in 2022, which is down 0.8 percentage points from last month’s forecast. For 2023, the panel projects industrial output will expand 3.5%.
Slovenia - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 5.6 | 6.6 | 7.7 | 5.1 | 3.3 |
Slovenia Industry Chart
Source: Statistical Office and FocusEconomics calculations.
Slovenia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.30 | -0.79 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Slovenia: Inflation rises in April
April 29, 2022
Consumer prices rose by 2.56% in April over the previous month, compared to March's 1.11% decline.
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Slovenia: Industrial activity falls at sharpest rate in one year in February
April 11, 2022
Industrial output declined 1.2% in year-on-year terms in February, which contrasted January's 9.2% increase.
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Slovenia: Inflation slides in March due to government regulation of electricity prices
March 31, 2022
Consumer prices dropped 1.11% in March over the previous month, swinging from February's 1.38% rise.
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Slovenia: Industrial output growth eases to 10-month low in January
March 10, 2022
Industrial output increased 9.9% year-on-year in January (December: +11.9% yoy).
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Slovenia: GDP growth in Q4 accelerates at fastest pace in Euro area
March 10, 2022
GDP growth accelerated to 10.4% year on year in the fourth quarter, from 5.0% in the third quarter.
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