Indices of industrial production, December 2023

The value of industrial production in 2023 lower than a year before

The value of industrial production and turnover in industry in December 2023 were lower both at the monthly and annual level.

  • 9 February 2024 at 10:30
  • |
  • Updated
  • 9 February 2024 at 10:58
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  • provisional data
The value of industrial production this time lower

The total value of industrial production was 7.5% lower than in the previous month. It was lower in mining and quarrying (by 3.3%), in manufacturing (by 3.0%) and in electricity, gas, steam and air conditioning supply (by 2.7%).

The highest decrease was recorded in capital goods industries (by 6.4%), followed by intermediate goods industries (by 5.4%) and consumer goods industries (by 1.2%).

Compared to December 2022, the value of industrial production went down by 10.2%. It was lower in electricity, gas, steam and air conditioning supply (by 36.3%) and in manufacturing (by 8.1%), while in mining and quarrying it was higher (by 7.4%).

In yearly comparison, the total value of industrial production was lower by 5.3%. 

Total turnover in industry also lower

Total turnover in industry decreased by 5.1%. It was lower in the non-domestic market by 5.2% and in the domestic market by 4.9%. In manufacturing it went down by 5.2% and in mining and quarrying by 4.8%. 

Turnover in industry decreased at the monthly level in intermediate goods industries (by 3.4%), in consumer goods industries (by 2.4%) and in capital goods industries (by 2.0%). 

Compared to December 2022, the total turnover was down by 7.2%. In manufacturing it was lower, while in mining and quarrying it was higher.

Compared to the previous year, in 2023 the total turnover in industry was lower by 1.1%. In the non-domestic market it declined by 1.3% and in the domestic market by 0.5%.

The value of stocks of industrial products higher at the annual level

In December, the total value of stocks in industrial production was 0.9% higher than in the same month of 2022. In 2023 as a whole, it was 11.2% higher than in the previous year. 
 
Compared to November 2023, it decreased by 0.4% in total. It went down in mining and quarrying (by 1.9%) and in manufacturing (by 0.4%). It decreased in intermediate goods industries (by 1.2%) and in consumer goods industries (by 1.0%), while in capital goods industries it increased (by 1.5%).

Tables with the latest data are available in the SiStat Database.

Industrial production indices, Slovenia
Industrial production indices, Slovenia
1) In the trend-cycle component the most recent data are unreliable (the end-point problem).
Industrial production, Slovenia
Dec 2023
Nov 2023 
Dec 2023
Dec 2022
Jan–Dec 23
Jan–Dec 22
% change
Industry – activities according to NACE Rev. 2 (sections)-7.5-10.2-5.3
B Mining and quarrying-3.37.4-15.7
C Manufacturing-3.0-8.1-4.1
D Electricity, gas, steam and air conditioning supply-2.7-36.3-31.9
Main industrial groupings
A Intermediate goods industries-5.4-11.2-10.3
  AE Energy related industries-6.8-37.0-31.0
  AI Intermediate goods industries [except energy]-2.6-5.8-8.2
B Capital goods industries-6.4-5.52.8
C Consumer goods industries-1.2-13.6-3.5
  CD Durable consumer goods industries-1.6-8.8-9.5
  CN Non-durable consumer goods industries-18.1-15.1-2.1
Technological intensity (Manufacturing)
VTZ High-technology manufacturing-6.1-16.60.6
SVTZ Medium-high-technology manufacturing-3.9-7.9-3.2
SNTZ Medium-low-technology manufacturing-5.6-5.5-5.5
NTZ Low-technology manufacturing-2.9-6.4-6.7
Value of turnover in industry, Slovenia
Dec 2023
Nov 2023 
Dec 2023
Dec 2022
Jan–Dec 23
Jan–Dec 22
% change
Industry – activities according to NACE Rev. 2 (sections)-5.1-7.2-1.1
B Mining and quarrying-4.852.519.1
C Manufacturing-5.2-7.7-1.3
Main industrial groupings
A Intermediate goods industries-3.4-9.6-7.2
  AE Energy related industrieszzz
  AI Intermediate goods industries [except energy]-3.2-10.2-7.5
B Capital goods industries-2.0-0.56.3
C Consumer goods industries-2.4-10.43.1
  CD Durable consumer goods industries-5.3-14.5-4.1
  CN Non-durable consumer goods industries-2.1-7.95.6
z confidential
Value of stocks in industrial production, Slovenia
Dec 2023
Nov 2023 
Dec 2023
Dec 2022
Jan–Dec 23
Jan–Dec 22
% change
Industry – activities according to NACE Rev. 2 (sections)-0.40.911.2
B Mining and quarrying-1.9118.7204.2
C Manufacturing-0.40.410.7
Main industrial groupings
A Intermediate goods industries-1.20.610.1
  AE Energy related industrieszzz
  AI Intermediate goods industries [except energy]-1.2-0.68.9
B Capital goods industries1.521.322.5
C Consumer goods industries-1.0-11.85.5
  CD Durable consumer goods industries5.912.82.5
  CN Non-durable consumer goods industries-1.7-15.16.1
z confidential
METHODOLOGICAL NOTE
Data are seasonally adjusted.

Data for 2023 are provisional, final data will be published not later than 10 August 2024.

Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.