Slovenia Industry December 2022 – DEUV

Industrial production fell 7.3% year-on-year in December (November: -3.0% year-on-year), the worst performance since May 2020. The marked weakening in December was mainly due to a deterioration in manufacturing output, which contracted at the fastest pace since July 2020. and a sharper decline in mining.

On a monthly basis, industrial production rose a seasonally adjusted 1.7% in December, well below the 6.0% growth in November. Meanwhile, the trend pointed to a decline: the average annual growth of industrial production in December was 1.7% compared to 3.5% in November.

FocusEconomics Consensus Forecast experts forecast industrial production growth of 1.8% in 2023, which is 0.4 percentage points lower than last month’s forecast. In 2024, the volume of industrial production of panel projects will increase by 2.7%.

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