Industrial production fell by 0.6 percent in the month of May in the euro area and by 0.8 percent in the European Union. In Slovenia, it fell by 7.3 percent, the most among the EU Member States. On a year-on-year basis, industrial production fell by 2.9 percent in the euro area and by 2.5 percent in the EU.
The Slovenian economy is reaping the results of the two-year anti-economic policy of the Robert Golob government. Official figures from Eurostat, the European statistical office, show the terrible decline in industrial production and the astronomical damage being done by the current government.
Among the Member States for which data were available, Ireland (+6.7 percent), Luxembourg (+3.9% percent) and Estonia (+3.8 percent) recorded the highest monthly growth rates.
Slovenia has become an economic patient under the Golob government
The biggest falls were recorded in Slovenia (-7.3 percent), Romania (-6.2 percent) and Denmark (-4.9 percent).
On a year-on-year basis, the production of intermediate consumption goods in the euro area fell by 3.5 percent, the production of capital goods by 6.5 percent, and the production of consumer durables by 4.2 percent. Energy production increased by 0.7 percent, and non-durable consumer goods by 2.8 percent.
In the European Union, the production of intermediate goods fell by 3.1 percent, and that of capital goods by 6.3 percent. The production of consumer durables also decreased by 4.1% percent. Meanwhile, energy production was up by 1.2 percent, and non-durable consumer goods by 3.3 percent.
Among the countries with the largest year-on-year declines were Romania (-6.9 percent), Germany (-6.6 percent) and Bulgaria (-6.3 percent).
Slovenia had a decline of 5 percent. Denmark (+9.6 percent), Ireland (+8.7 percent) and Greece (+6.8 percent) had the largest increases.
C. Š.
