Business News

Industrial output slowing down

Ljubljana, 10 October (STA) - The value of industrial output in Slovenia in August was 2% down compared to July and 0.8% higher year-on-year. This was the biggest drop in industrial output at the monthly level this year and the smallest growth at the annual level, the Statistics Office said on Thursday.

Industrial output in August in manufacturing and electricity, gas and steam supply was down compared to July by 1.9% and 0.6%, respectively, while in mining and quarrying it was up 0.5%.

Sales revenue in industry was up by 0.7% compared to July, while it was up by 3.4% at the annual level.

It was up on the foreign markets both at the monthly and annual levels (by 0.3% and 6.5%, respectively), while it was down on the domestic market, by 3.8% compared to July and by 2.7% year-on-year.

Sales revenue in August was down at the monthly level in the production of products for investments (by 2%) and the production of intermediate products (by 1.6%), while it was up in the production of consumer products (by 0.1%).

The value of inventories in industrial production was down by 0.6% compared to July, while it was 2.7% higher year-on-year. It was the lowest annual growth since July 2015, when it was at 0.3%.

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