Index of service and trade production, Slovenia, May 2020
Service and trade production up in May 2020
After two months of significant decline service and trade production grew in May 2020. This was the consequence of easing the epidemic-related restrictions. At the monthly level production grew by 13.6%, but at the annual level it still declined by 18.1%.
Growth of production due to easing of restrictions
Due to less restrictive epidemic-related measures, service and trade production in May 2020 grew by 13.6% compared to April 2020. The growth was more prominent in trade (by 22.1%) than in service activities (by 7.9%).
Among the service activities, production grew the most in accommodation and food service activities (by 141.6%). The growth was more moderate in transportation and storage (by 10.1%), in professional, scientific and technical activities (by 7.0%), in administrative and support service activities (by 5.3%) and in information and communication (by 0.5%). Production only declined in real estate activities (by 8.0%).
Production at the annual level still down
Although production at the monthly level grew, it still declined at the annual level – compared to May 2019 by 18.1%. It declined more in service activities (by 24.8%) than in trade (by 6.6%).
Production at the annual level declined in all groups of service activities, most notably in accommodation and food service activities (by 65.3%). In administrative and support service activities it declined by 34.6%, in real estate activities by 27.1%, in transportation and storage by 21.8%, in professional, scientific and technical activities by 14.3% and in information and communication by 8.2%.
Production also declined in the first five months of 2020 compared to the same period of 2019, namely by 12.6%. Decline was also more significant in service activities (by 14.7%) than in trade (by 8.9%). Production dropped in all groups of service activities, most notably in accommodation and food service activities (by 41.7%).
Index of service and trade production, Slovenia
M less reliable estimate – use with caution
1) Service activities are covered according to Council Regulation (EC) No 1165/98 of 19 May 1998 concerning short-term statistics.
Data for the last 10 months are provisional. With each release the data for the last 10 months can be corrected and supplemented with new data.