Skip to content Industrial Output in Slovenia Rebounds in January
Forex News—In January 2024, Slovenia witnessed a significant uptick in its industrial output, recording a 12.2% increase compared to the same month last year. This positive shift comes after a challenging period when industrial activity decreased for ten straight months.
The latest figures indicate a strong recovery, marking the highest growth rate since June 2021. This rebound is a promising sign for the country’s economy, showcasing its resilience and ability to bounce back from downturns.
Sector-Specific Developments: Manufacturing and Mining Lead the Way
The resurgence in Slovenia’s industrial sector is mainly due to substantial growth in manufacturing and mining. Manufacturing output saw a remarkable recovery, jumping by 13.9%, starkly contrasting the decrease observed in the previous month.
Similarly, the mining and quarrying sector experienced a significant surge, with output growing by 52.8%, indicating a robust return to form. These sectors have played a crucial role in driving overall industrial growth, highlighting the importance of diversified industrial activities for economic stability.
Challenges and Recovery: A Closer Look at Energy Supply
Despite the overall positive momentum, not all sectors experienced growth. The electricity, gas, steam, and air conditioning supply sectors faced challenges, with output declining further by 36.6%. This decline presents ongoing issues within the energy sector, emphasizing the need for reforms and investments to ensure a stable and sustainable energy supply.
However, the substantial monthly gain of 10.7% in seasonally adjusted industrial production indicates that the broader industrial landscape is recovering, offering hope for continued improvement in the coming months.
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