Industry records growth in first quarter

Ljubljana – Slovenian industry recorded year-on-year growth in the first quarter, with the total value of industrial production increasing by 3%, turnover by 4.1% and inventories by 0.6%. In March, the value of industrial production was 1% lower than in February, while turnover was 1.2% lower.

The quarterly increase in the value of industrial production was driven by manufacturing, where output rose by 3.5%. Meanwhile, the value of output in mining and in electricity, gas and steam supply fell by 2% and 2.5% respectively, the national Statistics Office stated on Monday.

The value was higher in intermediate goods (+7.3%) and capital goods (+5.6%), while it was lower in consumer goods (-5.0%).

According to the Statistical Office, total turnover also increased by 4.1% in the first quarter, both domestically and abroad. It was 4.2% higher in manufacturing and 2.2% higher in mining compared to the first quarter of last year.

By product category, Q1 turnover was higher year-on-year in intermediate goods (+8.9%) and capital goods (+6.0%), while it declined in consumer goods (-3.9%).

The total value of inventories in industrial production was also higher quarter-on-quarter.

At a monthly level, the total value of industrial production was 1% lower in March compared to February. It was pushed down predominantly by lower output values in mining (-3.4%) and manufacturing (-1.3%). Turnover in March was also down 1.2% at a monthly level.

Compared to the same month last year, the total value of industrial production in March 2021 was 8.5% higher. It was pushed up mainly by higher value in manufacturing.

Turnover was 13.6% higher year-on-year in March, while the total value of inventories in industrial production was 0.7% higher in March than in February and 1.5% higher than in March last year.