Industry in Slovenia
Slovenia - Industry
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%.
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%.
Slovenia - Industry Data
|Industrial Production (annual variation in %)||1.7||5.0||7.7||8.4||5.0|
5 years of economic forecasts for more than 30 economic indicators.
Slovenia Industry Chart
Source: Statistical Office and FocusEconomics calculations.
|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 29, 2020
GDP shrank 2.3% on an annual basis in the first quarter, contrasting Q4 2019’s 1.7% expansion and marking the sharpest contraction since Q1 2013. Household spending plunged 6.4% in Q1, marking the fastest drop in seven years (Q4 2019: +1.2% year-on-year).
May 29, 2020
Consumer prices rose 0.9% over the previous month in May, after decreasing 0.9% in April.
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.
April 30, 2020
Consumer prices fell 0.9% over the previous month in April, after decreasing 0.8% in March.
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.