Business News

Industry Expands by 5% Y/Y in First Half

Ljubljana, 10 August (STA) - Slovenia's industrial output rose by 5% in the first half of the year compared with the same period last year, preliminary data released by the Statistics Office on Tuesday show.

The figure for June alone marks a 0.5% rise on the month before, and a surge of 10.4% year-on-year.

The monthly increase was generated by a 1.2% expansion in manufacturing. The output in mining and quarrying contracted by 3.6%, while electricity, gas and steam output shrunk by 4.7% on May.

Year-on-year, electricity, gas and steam production fell by 2.2%, while manufacturing expanded by 11.3% and mining by 10.1%.

The first half of the year saw a 1.9% fall in the production of electricity, gas and steam, but the manufacturing sector recorded growth of 5.8% and mining grew by 2.6%.

In June the output of intermediate goods and consumer goods rose by 0.7% on the month before, whereas the output of capital goods dropped by 1.8%.

Stocks of industrial products dropped by 0.9% in June on the month before and decreased by 10.3% on the same month last year. Inventories shrunk by 13.8% year-on-year in the first half of the year.

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