Business News

Industrial Output Up 3% in 2011

Ljubljana, 10 February (STA) - Slovenia's industrial output expanded by 3% in 2011 compared to the year before, according to the Statistics Office. In December, the industry grew by 0.4% over the month before, but shrank by almost 3% year-on-year.

Compared to November, industrial output rose only in manufacturing (1%), while it dropped by 3% in mining and quarrying and by 8% in electricity, gas and steam supply.

In a year-on-year comparison, the output was 8% lower in electricity, gas and steam supply, 15% lower in mining and quarrying, and 2% lower in manufacturing.

The monthly comparison shows a decline in all the main industrial groupings. Compared to December 2010, the output rose in consumer goods industries and fell in capital and intermediate goods industries.

Inventories were 0.6% lower in December 2011 compared to the month before and 4% higher than a year before.

The annual industrial output was lower compared to 2010 only in mining and quarrying, but grew in manufacturing and in electricity, gas and steam supply.

In 2011, all three main industrial groupings grew and inventories were almost 4% higher.

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