Business news

Slovenia's industry kept expanding in August

Ljubljana, 11 October (STA) - Slovenia's industrial output grew by 1.1% in August compared to the month before, expanding by 8.4% year-on-year, fresh data from the Statistics Office shows.


The monthly growth was driven by a 7.2% growth in the electricity, gas and steam supply industry and a 1.2% growth in manufacturing as mining and quarrying contracted by 10.1%.

Capital goods industries expanded the most, at the monthly rate of 5.7%, while the output of consumer goods industries fell by 1.9%.

Year-on-year, manufacturing posted a 9.8% growth as the output of electricity, gas, steam and air conditioning supply increased by 1.4%. Mining and quarrying contracted by a third in a year.

Industrial sales revenue increased by 5.5% from August, rising by 16.9% year-on-year. Growth was posted in domestic and foreign markets.

Industry also posted growth compared to August 2019, with output increasing by 5.7% and turnover by 10.1%.

The value of stocks was up by 1.5% from July and up 8.6% from August 2020. It was also 9.5% up from August two years ago.