Business News

Industrial Revenues Down in September, Up for the Year

Ljubljana, 19 November (STA) - Industrial revenues in Slovenia fell by 1.9% in September over the month before, but were up by 3.5% compared to September 2009. The value of new orders meanwhile fell by 1.1% in monthly comparison, although it was up by 2.6% year-on-year, the Statistics Office said on Friday.

In the first three quarters of 2010, the Slovenian industry generated 8.3% more revenues than in the same period last year.

In September, revenues in manufacturing were down by 1.9% compared to August, while they were up by 2.3% in mining. In year-on-year comparison, they were up both in manufacturing (+43.9%) and mining (+3.1%).

In the first nine months of the year, revenues in mining and manufacturing were up by 12.9% and 8.2%, respectively.

On a monthly level, revenues were up only in capital goods (by 2.1%), while they decreased in the other two industrial groups: in intermediate goods industries by almost 1.7% and in consumer goods industries by 2.4%.

Year-on-year, revenues were higher in intermediate goods industries (by 9%) and in capital goods industries (by 2.1%), while they were down in consumer goods industries (by 2.6%).

September revenues were lower in monthly comparison both on the domestic market (-1.9%) and on foreign markets (-2.3%). Compared to September 2009, revenues on the domestic market were down by 1.3%, but were up by 5.6% on foreign markets.

In the first nine months of the year, revenues on the domestic market dropped by 0.3% year-on-year while they increased on foreign markets, by 12.3%.

In September, there was 1.1% fewer new orders than in August, while in year-on-year comparison orders grew by 2.6%. In the first nine months, new orders were up by 15.9% compared to the same period last year.

Compared to August, domestic demand slumped 5%, while foreign demand registered only a slight drop (by 0.1%). Year-on-year, both domestic and foreign demand decreased, by 9.4% and 5.4%, respectively.

Orders grew by 4.1% on the domestic and by 18.6% on foreign markets in the first nine months of 2010.

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