Business News

Industrial output growth slowing down

Ljubljana, 09 August (STA) - Slovenia's industrial output in the first half of 2019 grew by 3.7% compared to the same period in 2018, the slowest semi-annual growth figure in the past six years, while monthly data released by the Statistics Office on Friday shows output declining.

In June output was down 1.6% compared to the month before, the second consecutive drop this year at the monthly level, while at the annual level, it increased by 1.1% - the slowest growth rate recorded this year.

In the first half of 2019 output rose most significantly in manufacturing (by 3.9%), followed by mining (2.1%) and electricity and gas supply (1.1%).

Industrial revenue in June was 3% lower than the month before, and 1.2% down at the annual level.

Revenue in the first half of 2019 was up 2.3% over the same period in 2018.

Inventories In June rose by 3.2% at the annual level, the slowest growth rate since July 2015, but dropped slightly (by 0.2%) over May.

In the first half of 2019, inventories grew by 4.7% compared to the same period last year.

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