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Turnover in selected sectors of economy in February 2021

Turnover in selected sectors of economy in February 2021

Last update: 12.04.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 12.04.2021

 

 

Turnover in February 2021 rose only in industry, in other sectors it continued to decline, most considerably in construction

The industry's turnover growth was 1,2 % in February, in the other four monitored sectors turnover recorded a decrease between 26 % to 0,3 %. The turnover slump in selected market services mitigated only slightly, still reaching double digits.

After the January´s fall, in February 2021, turnover in industry rose year-on-year mainly due to the significant turnover increase in manufacture of computer products (above the level of 20 %), as well as due to the increase in two most influential components of industry, i.e. in manufacture of transport equipment by 2,1 % and in manufacture of metals by 5,2 %.

February´s turnover in construction recorded a fall by more than a quarter (by 26 %), a similar level was last recorded in October 2016.

The turnover decrease in selected market services 1) slightly slowed down but remained in double digits (by 13,7 %). The largest falls persist in the activities of travel agencies and offices, February´s turnover dropped by 71,1 % year-on-year and gaming and betting office' turnover also decreased significantly by 38,7 %.

Turnover in transportation and storage also continued to decrease by 2,7 %.

Turnover in information and communication activities significantly approached the level of 2020, lagging behind the level of last year only by 0,3 %.

Development in February 2021 compared to January 2021 2)

In February 2021 compared with January 2021, turnover in most sectors did not improve, it rose only in information and communication, but only slightly by 0,5 %. The largest month-on-month decrease was recorded only in construction by 5,8 %, it also decreased in selected market services by 1 % and in industry and in transportation and storage equally by 0,4 %.

Development in February 2021 compared to February 2020

Turnover in industry, after the January´s decrease rose again by 1,2 %, year-on-year. The total growth was supported by a rise in seven out of the 16 monitored components of industry 3). The outcome of the industry was affected mostly by a turnover growth in manufacture of computer products by 21,5 % whose growth was above the level of 20 % for the second month in a row. Development in the two most influential components of industry had also a significant impact, i.e. in manufacture transport equipment by 2,1 % and manufacture of metals by 5,2 %. There was a notable growth also in manufacture of machinery n.e.c. by 6 % and in manufacture of wood products by 6,5 %. The decrease from the most significant components was recorded in electricity and gas supply by 3,3 % (they are decreasing since September 2018), as well as turnover in manufacture of coke and refined petroleum products by 12,8 %, in manufacture of textiles and apparel, leather by 14,9 %, in manufacture of food by 3,7 % and in other manufacture by 5,2 %.

 The year-long turnover decline in construction intensified in the second month of the new year, with turnover falling by more than a quarter (by 26 %) compared to February 2020. Such a significant decrease was in October 2016 (by 26,6 %). 

Turnover in transportation and storage 4) except the growth in December 2020, did not reach the level of the previous year since November 2019. In February 2021, turnover decreased by 2,7 % year-on-year especially due to a decrease in land transport and transport via pipelines by 8,6 %, constituting more than half of the total turnover of the sector (51,8 %). Turnover was lower year-on-year also in air and water transport. The decrease in total turnover was mitigated by a growth in warehouse and support activities for transport by 6,1 % and in postal and courier services by 7,7 %.

Pace of the turnover decline in information and communication 5) (ICT) is slowing down, the February decrease by 0,3 % was the slowest since the start of the downturn in May 2020. Growth in the most significant components of ICT contributed to the significant close-up last year, in computer programming by 6,3 % and in telecommunications by 2,2 %, where turnover increased after four months of decline. The most significant drop was in information services by 16,2 %.

Turnover decline in selected market services 6), slightly slowed down, though it continued to reach double digits. In the second month of the new year, turnover decreased by 13,7 % year-on-year, February 2020 was the last month before the Covid-19 pandemic, the turnover achieved at that time was long-term above the level of the previous year (since 2015). In February 2021, it recorded a decrease in all components of the sector, with the exception of growth in architectural and engineering activities. The biggest falls remain in the activities of travel agencies and offices, with February´s turnover down by 71,1 % year-on-year. Turnover in arts, entertainment and recreation also fell significantly, with a decrease of more than 45 %, of which turnover of gaming and betting activities fell by 38,7 %.

Development over the first two month of 2021 compared with the corresponding period in 2020

Since the beginning of the year, turnover in industry dropped by 2,5 %, year-on-year, there was a most significant decrease in electricity and gas supply by 9,9 % and in manufacture of transport equipment by 3,2 %.

Over the first two month of the year, compared with the corresponding period last years, turnover of construction subjects decreased by 23,2 %.

Since the beginning of the year, turnover in transportation and storage dropped by 2,6 %, it decreased in land transport and transport via pipelines and in air transport.

Over the first two months of the year, turnover in Information and communication activities, decreased by 1,2 %, year-on-year. The drop was in the majority of activities, a growth was achieved only in computer programming and in telecommunications.

Since the beginning of the year, turnover in selected market services, decreased by 14 %, a drop was registered almost in all activities, it was the most significant in travel agencies and offices and in gaming and betting activities.


Note: preliminary data; according to the monthly survey; the indices in industry, construction and in selected market services have been calculated from constant prices using the base year 2015; in transportation and storage; in information and communication, the indices are calculated from the current prices
1) Selected market services include activities such as real estate activities; professional, scientific and technical activities; administrative and support service activities; arts, entertainment and recreation; other service activities and division other education and educational support activities
2) from seasonally adjusted data
3) According to the statistical classification of economic activities SK NACE Rev. 2 the structure of the industry consists of four sections - Mining and quarrying, Industrial production, Supply of elec-tricity, gas, steam and air-conditioning and Water supply; sewerage and waste management. In-dustrial production is further broken down into 13 special groupings of industries.
4) Section Transportation and storage includes the following divisions: land transport and transport via pipelines; water transport; air transport; warehousing and support activities for transportation; postal and courier activities
5) Section Information and communication activities includes the following divisions: publishing activi-ties; motion picture, video and television program production, sound recording and music publishing activities; programming and broadcasting activities; telecommunications; computer programming, consultancy and related activities;
6) Selected market services include activities such as real estate activities; professional, scientific and technical activities; administrative and support service activities; arts, entertainment and recreation; other service activities and division other education and educational support activities

 

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