Charts of the week from 25 to 29 May 2026: economic sentiment, consumer prices, turnover in trade and other charts
In May, the economic sentiment indicator returned to its March level, before the impact of the war in the Middle East became apparent, although it remained slightly below its long-term average. Year-on-year inflation rose for the second consecutive month in May (3.6%). The increase was driven largely by higher energy…
Slovenian Economic Mirror 3/2026: In Q1 2026, the war in the Middle East had not yet had a significant impact on economic activity; confidence weakened and inflation accelerated in April
In Slovenia, the war in the Middle East had not yet had a more visible impact on economic activity in the first quarter of this year, and economic growth strengthened (by 0.7% quarter-on-quarter and 3.0% year-on-year). Growth exceeded expectations, driven primarily by stronger…
Charts of the week from 18 to 22 May 2026: Slovenian industrial producer prices, number of persons in employment and average gross wage per employee
Industrial producer prices in Slovenia rose by 0.5% month-on-month in April, the largest increase in the past 12 months. Year-on-year growth also strengthened (to 1.4%), driven mainly by higher prices of intermediate and consumer goods, while energy prices (particularly…
Charts of the week from 11 to 15 May 2026: GDP, production volume in manufacturing, activity in construction, current account of the balance of payments and electricity consumption by consumption group
Economic activity in Slovenia strengthened in the first quarter of this year. Activity in the export sector increased: alongside higher goods exports, value added in manufacturing also rose. Year-on-year growth was recorded in the manufacture of fabricated metal products and…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
GDP growth is projected to strengthen to 2.0% this year (from 1.1%), broadly in line with autumn’s expectations. The export sector will gradually recover, supported by improved prospects for industrial production in Slovenia’s main trading partners. Investment activity will continue to expand, driven primarily by public investment. Growth in private consumption will strengthen this year alongside further increases in real disposable income. Inflation this year (2.6% at year-end) is expected to remain similar to last year, amid above-average growth in services and food prices.
Labour market
Employment is expected to stagnate due to limited labour supply, while unemployment will remain low. Wage growth will be higher this year than last (6.7% in nominal terms; 6.5% in the public sector and 6.7% in the private sector). Growth will be particularly pronounced in the private sector, where last year’s slowdown was largely statistical (extra payments were significantly reduced following the introduction of the winter bonus, which is not included in wage growth).
International trade
Growth in exports of goods and services is projected to strengthen this year. Goods export growth will be supported by the recovery of industrial production in Slovenia’s trading partners, investment in the pharmaceutical industry, the launch of production of a new car model, and a higher number of working days. Growth in services exports will also increase. Amid moderate growth in domestic demand, import growth will outpace export growth. As a result, the current account surplus will narrow, reflecting a widening deficit in trade in goods.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.