Industry in Slovenia
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
|Industrial Production (annual variation in %)||5.6||6.6||7.7||5.1||3.3|
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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Slovenia: Industrial output records quickest growth since January 2018 in March, amid a favorable base effect
May 10, 2021
Industrial production rose 8.5% year-on-year in March (February: -0.7% yoy), amid a favorable base effect.
April 30, 2021
Consumer prices increased 1.04% in April over the previous month, picking up from the 0.34% rise recorded in March.
April 9, 2021
Industrial output decreased 1.5% in year-on-year terms in February, which was a deterioration from January's 1.2% increase, and the worst result since September.
April 7, 2021
Consumer prices increased 0.34% in March over the previous month, picking up from the 0.29% rise recorded in February.
March 10, 2021
Industrial output increased 1.3% in year-on-year terms in January, which contrasted December's -0.8% decrease.