Business News

Industry Contracts in July on June, Expands Y/Y

Ljubljana, 10 September (STA) - Slovenia's industrial output in July contracted by 2.2% on the month before but expanded by 1.9% on the same month a year ago. Output in the first seven months grew by 0.6% on the same period last year, data from the Statistics Office show.

The biggest monthly contraction was recorded in manufacturing, at the monthly rate of 2.8%.

Year-on-year the mining and quarrying industry shrunk by 7.6%, while manufacturing and electricity, gas and steam supply recorded a growth of 0.2% and 20.7% respectively.

In the first seven months of the year, mining and quarrying contracted by 5%, and manufacturing shrunk by 0.4% in contrast to 12.3% growth recorded in electricity, gas and steam supply.

Capital goods production contracted most substantially between June and July at the rate of 3.1%, with a 0.5% contraction in intermediate goods industries and a 0.3% fall in consumer goods industries.

Only capital goods industries contracted slightly at the annual level (0.1%), while intermediate goods industries expanded at an annual rate of 2%, and consumer goods industries grew by 2.6%.

All industry groupings expanded in the first seven months of the year on the same period a year before.

Inventories increased in July by 1.7% on June and by 4.4% on July 2011. Stocks of products in the first seven months of the year were up 6.4% on the same period last year.

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