Slovenia’s Industrial Output Grew 3% in 2019

By , 11 Feb 2020, 09:20 AM Business
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STA, 10 February 2020 - Slovenia's industrial output increased by 3% last year, the sixth consecutive year of growth. The output in December was 1% higher than in the same month a year ago but 1.8% lower than in November.

Fresh data from the Statistics Office show an annual growth in the value of industrial production, stocks and turnover in industry.

The 3% growth rate in industrial output last year is a slowdown compared to the 5% growth rate recorded in 2018 and a six-year high rate of 8.4% in 2017.

industrial output slovenia 2020.JPG

The growth was driven by a 3.4% growth in manufacturing, while the electricity, gas, steam and air conditioning supply sector and mining and quarrying contracted by 0.8% and 3.6%, respectively.

Industrial turnover increased by 2.3%, owing to a 3.1% growth in the foreign market and a 1% growth in the domestic market. Sales revenue rose across all main industrial groupings, the most in consumer goods industries, at 4.5%.

In December, industrial turnover was 1.8% lower than in November and 1.5% higher than in December 2018.

The value of stocks rose by 4.1% last year. In December their value fell by 0.5% compared to the month before but rose by 2.9% year-on-year.

More on the data can be found here

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