Money in Slovenia
Slovenia - Money
The economy likely contracted at a slower pace in annual terms in Q3, as the impact of the pandemic lessened. Data for July–August shows that conditions were less downbeat: Both industrial production and retail sales decreased at a milder pace compared to Q2’s average. Turning to Q4, a surge in Covid-19 cases led to new restrictions in October, which are likely to hamper the recovery. In other news, in early October Moody’s upgraded Slovenia’s sovereign rating to A3, citing fiscal prudence in the past four years and a healthier banking sector. The move bodes well for credit conditions and could aid the government in financing next year’s budget deficit. Meanwhile, the draft 2021 budget submitted to the European Commission in October sees higher expenditure on public investment and the wage bill, and cuts to most other spending areas. The fiscal shortfall is predicted to remain sizable.Slovenia - Money Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Money (annual variation in %) | 5.0 | 7.7 | 6.6 | 7.4 | 7.9 |
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: 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.
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Slovenia: Inflation picks up in April
April 30, 2021
Consumer prices increased 1.04% in April over the previous month, picking up from the 0.34% rise recorded in March.
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Slovenia: Industrial output deteriorates in February
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.
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Slovenia: Inflation returns in March
April 7, 2021
Consumer prices increased 0.34% in March over the previous month, picking up from the 0.29% rise recorded in February.
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Slovenia: Industrial output expands at fastest pace since February 2020 in January
March 10, 2021
Industrial output increased 1.3% in year-on-year terms in January, which contrasted December's -0.8% decrease.
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