Manufacturing output, which had strengthened at the beginning of the year, remained close to the previous month's level in April (seasonally adjusted). In April, only medium-low-technology industries recorded a slight increase in output, while output in the other technology groups either declined slightly or remained close to the previous month's level (seasonally adjusted). In the first four months of the year, manufacturing output was 1.7% higher year-on-year (working-day adjusted), with growth recorded across all groups of industries by technological intensity. In addition to low-technology food manufacturing, the overall year-on-year increase was driven mainly by more technologically intensive industries, particularly the manufacture of machinery and equipment n.e.c. and the manufacture of ICT equipment. Output also increased in the repair and installation of machinery and equipment and, after contracting over the previous four years, in the manufacture of motor vehicles, trailers and semi-trailers (by 3.3%). By contrast, output in energy-intensive industries was lower than a year earlier. In 2025, these industries generally recorded activity levels similar to those of the previous year (with the exception of the manufacture of basic metals, where output declined). According to our estimates, output in the pharmaceutical industry also remained lower than a year earlier.

The 12-month current account surplus decreased by EUR 843,7 million compared to the previous 12-month period, reaching EUR 2.2 billion (3.0% of estimated GDP). This decline was driven by developments in the goods balance and the secondary income balance. The goods balance shifted into deficit as import growth outpaced the modest increase in exports. The year-on-year increase in import prices in April (4.1%) has not yet been reflected at the annual level, as import prices had been declining continuously from May 2023 to March 2026. At the annual level, real exports rose by 0.3%, while real imports increased by 4.2%. In nominal terms, exports rose by 1.0% and imports by 3.3%. The secondary income deficit widened primarily due to higher net contributions by the general government sector to the EU budget. The services surplus increased, most notably in insurance services, reflecting the expansion of a Slovenian insurance company’s operations in the Italian motor insurance market. A higher surplus was also recorded in transport services and travel. The primary income deficit narrowed mainly as a result of higher compensation of Slovenian employees working abroad.

Electricity consumption in the distribution network was 3.6% higher year-on-year in May. Industrial consumption and consumption by other business consumers – both of which may serve as indicators of economic activity – were, with the same number of working days, 1.2% and 6.6% higher year-on-year, respectively, while household consumption increased by 5.0%.