Business News

Industrial Output Slightly Up in August, Down by 3% Y/Y

Ljubljana, 10 October (STA) - Industrial output in Slovenia edged up 0.3% in August over July, but dropped by more than 3% year-on-year, the Statistics Office said on Thursday. Industrial revenues also edged up 0.3% on monthly level, yet they dropped by more than 4% compared to August 2012.

The monthly increase in August over July was driven by the sector of electricity, gas and steam supply, which was up by nearly 3%.

Revenues in manufacturing increased by 0.3% on the monthly level, while revenues in mining and quarrying dropped by nearly 10%.

Stock value was by 0.4% lower in August than in July. The same decrease was recorded in manufacturing, while revenues in mining and quarrying dropped by 1%.

The Statistics Office also released data on work efficiency in industry for 2012, showing that it dropped by 0.1% compared to 2011.

The decrease in efficiency was caused by the drop in industrial output and also due to a lower number of active population.

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