Business News

Industrial Revenues Up in August, New Orders Down

Ljubljana, 20 October (STA) - Industrial revenues in Slovenia increased by 3% in August over a month before and was 9% higher on the same month in 2009. However, the value of new orders fell by 4.2% compared to July, although it was still 7.3% higher year-on-year, according to data released by the Statistics Office on Wednesday.

Revenues were up 2.4% in manufacturing and 2% in mining and quarrying in August, while they grew by 8.8% and 44% respectively over the same month a year earlier.

In the first eight months of 2010, industrial revenues in manufacturing gained 9.1% over the same period last year and in mining and quarrying were up by 9.4%.

On a monthly level, revenues only declined in capital goods industries, where they fell by 5.7%, while they increased by 1.9% in intermediate goods industries and 0.7% in consumer goods industries.

Year-on-year, all three groups registered higher revenues: capital goods industries by 0.9%, intermediate goods industries 12.4% and consumer goods industries 9.2%.

Revenues were higher both on the domestic market and on foreign markets. They increased by 0.9% and 2.6% respectively over July and 1.9% and 13.1% respectively year-on-year.

Domestic demand grew in August by 3.2% over a month before and by 2.2% year-on-year, while foreign demand slumped 6.5% over July but added 8.5% year-on-year.

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