Business News

Industry Returns to Growth

Ljubljana, 10 January (STA) - Slovenia's industrial output increased above the average monthly levels recorded in 2010 in November after it had persisted below those levels since November 2012. The output of goods and services in November was 0.1% above the average for 2010, fresh statistics show.

Industrial output was 0.6% up on the month before and grew by 2.6% compared to November 2012; the monthly increase was on the account of 1% growth in manufacturing, while all sectors reported growth year-on-year, mining and quarrying the most robust at 8.9%, show data from the Statistics Office.

Capital goods industries and consumer goods industries expanded by 1.8% and 1.5%, respectively, from October, while intermediate goods industries reported a 2.5% monthly fall. All three divisions recorded growth year-on-year.

Turnover was down 0.1% from October, but rose by the same amount year-on-year. It collapsed by 10.5% in mining and quarrying month-on-month. Certain sectors, such as electrical equipment manufacturing recorded increase owning to growth in non-domestic turnover.

The value of stocks increased by 0.5% over the previous month but fell 3.4% year-on-year.

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