Business News

Slovenia's Industrial Output Down 2.1% in July

Ljubljana, 10 September (STA) - Industrial output in Slovenia dropped by 2.1% in July over June, while it was 9.5% up year-on-year. In the first seven months of 2010, output grew by 5.5% compared to the same period last year, the Statistics Office said on Friday.

Industrial output in July grew compared to June only in mining and quarrying (by 11.4%), while it dropped in manufacturing and electricity (by 2.6%) and in gas and steam supply (by 0.4%).

At the annual level the only drop was recorded in July in electricity, gas and steam supply (-2.3%). The other two groups recorded a rise, as manufacturing sector expanded by 10.4% and mining and quarrying by 16.5%.

Compared to the first seven months of 2009, energy, gas and steam supply recorded a 1.9% drop, while mining and quarrying increased output by 4.8% and manufacturing by 6.3%.

Industrial production increased at the monthly level in intermediate goods industries (by 1%) and capital goods industries (by 3%), while it dropped in consumer goods industries (by 1%).

Inventories grew compared to June by 0.3% but dropped at the annual level by 6.6%. In the first seven months of 2010 inventories was down by 12.9% compared to the same period last year.

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