Business news

Industrial output expands for third consecutive month

Ljubljana, 10 September (STA) - Slovenia recorded the third consecutive monthly rise in industrial output in July. Up 8%, the output is however still below pre-Covid-19 levels and was 4.6% lower than in July 2019, the Statistics Office said on Thursday. The last time output was up year-on-year was February.


The monthly growth in output was influenced by production in manufacturing and in mining and quarrying, which grew by 8.7% and 7.2%, respectively. Production in electricity, gas, steam and air conditioning supply declined by 0.4%.

The annual drop was the largest in electricity, gas, steam and air conditioning supply (by 10.7%). Industrial production also declined in manufacturing (by 4.2%), while in mining and quarrying it increased (by 3.8%).

Total turnover in industry saw growth for the third consecutive month as well, this time by 9.2%. Year-on-year, total revenue was down 4.5%.

The value of stocks in industrial production in July was lower for the third consecutive month on the monthly level, this time by 0.9%. In manufacturing it was down by 1.0%, while in mining and quarrying it was up 11.6%. At the annual level the total value of stocks was higher by 0.3%