Slovenia: Value of industrial production in July up 8.0% compared to June 2020

Slovenia: Value of industrial production in July up 8.0% compared to June 2020

In July 2020 the value of industrial production and of turnover in industry increased at a monthly level, while the drop continued yoy, according to the latest report of the Slovenian Statistical Office (SSO).

According to SSO, in July 2020 the value of industrial production grew for the third consecutive month, this time by 8.0%. The monthly growth in production 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%.

At the annual level industrial production has yet to reach the level before the COVID-19 epidemic. In July 2020 the annual drop in the value of industrial production amounted to 4.6%. Annual growth was last recorded in February 2020. The annual drop was the largest in electricity, gas, steam and air condition supply (by 10.7%). Industrial production also declined in manufacturing (by 4.2%), while in mining and quarrying it increased (by 3.8%).

For the third consecutive month, turnover in industry higher and the value of stocks lower at the monthly level.

Total turnover in industry achieved growth for the third consecutive month, this time by 9.2%. In July 2020 turnover was higher by 11.0% in the foreign and by 7.1% in the domestic market.

At the annual level, the total turnover in industry was lower by 4.2%, with turnover in the foreign market declining by 3.9% and turnover in the domestic market by 5.3%. After three months of falling, turnover in consumer goods industries increased by 1.5% compared to the same month of the previous year. Turnover in capital goods industries increased by 1.1% after four months of fallung. Turnover in intermediate goods industries fell by 11.8% – its last annual growth occurred in September 2019.

In July 2020 the value of stocks in industrial production was lower for the third consecutive month, this time by 0.9%. In manufacturing, it was lower by 1.0%, while in mining and quarrying it was higher by 11.6%. At the annual level, the total value of stocks was higher by 0.3%./ibna