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Industrial output down 5.3% last year, with major December drop

Ljubljana, 09 February (STA) - Industrial output in Slovenia dropped by 5.3% last year compared to 2022, the Statistics Office reported on Friday. The 10.2% year-on-year drop in output in December largely contributed to this after more favourable autumn trends.


Industrial output was down on an annual basis in all main activity groups, with the largest drop recorded in electricity, gas and steam supply (-31.9%), followed by mining and quarrying (-15.7%) and manufacturing (-4.1%).

The total sales revenue in industry in 2023 was 1.1% lower than the year before, dropping by 1.3% on foreign markets, and by 0.5% on the domestic market.

The value of inventories of industrial products was meanwhile up by 11.2% compared to 2022.

In December alone, industrial output dropped by 7.5% compared to November, and by 10.2% year-on-year.

In the electricity, gas and steam supply, it was down 2.7% on a monthly basis, in mining and quarrying by 3.3% and in manufacturing by 3%.

Year-on-year, it was down by 36.3% in electricity, gas and steam supply and by 8.1% in manufacturing, while increasing in mining and quarrying by 7.4%.

The total sales revenue in industry in December was down by 5.1% on a monthly basis (-5.2% on the foreign markets and -4.9% on the domestic market), and by 7.2% on an annual basis.

The value of inventories of industrial products in December was up by 0.9% year-on-year, while dropping by 0.4% compared to November.

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