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Slovenia Industrial production June 2024

Slovenia: Decline in industrial activity softens in June

Industrial output fell 0.5% compared to the same month of the previous year in June, which was markedly softer than May’s 7.3% decrease. Looking at the details of the release, June’s softer drop was broad-based: Manufacturing plus mining and quarrying production growth accelerated, while electricity, gas, steam and air conditioning supply activity contracted at a softer rate.

Accordingly, the trend improved modestly, with the annual average variation of industrial production coming in at minus 4.6%, up from May’s minus 4.9% reading.

On a monthly basis, factory output grew 4.4% in seasonally adjusted terms in June, contrasting May’s 3.3% fall and marking the best result since September 2023.

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