Performance of enterprises by activity, 3rd quarter 2023
Export orientation indicator the lowest, investment in net sales revenues the highest this year
In the 3rd quarter of 2023, the export orientation indicator at the level of all activities combined was 43%, the lowest since the 3rd quarter of 2020. The operating efficiency ratio was the same as in the previous quarter. Investment in net sales revenues was the highest this year.
The export orientation indicator at the level of all activities combined was the lowest this year (43%). The last time it was so low in the 2nd quarter of 2020 (due to the consequences of the COVID-19 epidemic). In the last two quarters, enterprises in manufacturing generated three quarters of their total net revenue from sales in foreign markets. In construction the share was 13%. The last time it was so low in the last quarter of 2020.
Operating efficiency ratio the highest in real estate activities
In the last two quarters, operating revenues at the level of all activities combined were 6% higher than operating expenses. Almost all activities recorded operating profit in the third quarter of this year. The only exception was the section of activity agriculture, forestry and fishing. Real estate activities performed the best, with the indicator value of 135%. They were followed by accommodation and food service activities with 122%, which traditionally achieve the highest operating efficiency ratio in the third quarter of the year. In construction the value was 109%. The last time it was so high in the 3rd quarter of 2020.
Investment in net sales revenues the highest this year
At the level of all activities combined, investment in fixed assets amounted to 5% of total net revenues from sales. In construction, investment in fixed assets amounted to 3% of total net revenues from sales, which was the same as in the previous quarter.
The table with the latest data is available in the SiStat Database.
In 2022 and 2023, energy crisis had an impact on business operations. Subsidies related to business effects are also taken into account in the calculation of operational revenues and value added. In accordance with accounting standards, enterprises also include state aid due to high energy costs among these subsidies, and this should be taken into account when comparing data on a year-on-year basis.
Additional explanations are available in the methodological explanations.