Business News

Industrial output up 22% year-on-year in May

Ljubljana, 09 July (STA) - Slovenian industrial output was up 22.1% in May over the year before on the back of a strong performance in manufacturing and exceeded the pre-crisis level, the latest Statistics Office data show.

Manufacturing surged by over 24% on the year before, whereas electricity, water and steam supply posted a 1.2% gain and mining declined by 6.2%.

While the economy was in lockdown last year rendering comparisons difficult, the figures show output was 2.4% above that in May 2019, before the Covid-19 crisis.

Figures for industrial revenue show a similar picture, with a year-on-year increase of 29.4% driven by manufacturing. Total revenue was 3% higher than in May 2019.

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