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Turnover in selected sectors of economy in December 2020

Turnover in selected sectors of economy in December 2020

Last update: 12.02.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 12.02.2021


In December 2020, turnover rose in industry, transport and selected services, falling to all sectors in full-year summary

In the year marked by the Covid-19 pandemic, the level of turnover from the previous year was approached only in information and communication (-2,8 %), the most significant lag was reflected in construction (-11,8 %) and industry (-9,4 %).

At the end of 2020, companies in the main sectors of the economy tried to reduce the annual drops with higher turnover. In December 2020, turnover in industry maintained year-on-year growth for the second month in a row, mainly due to considerably higher year-on-year turnover in manufacture of transport equipment by 10,6 %.

The end of the year was also favorable for the other sectors. In transportation and storage, turnover increased year-on-year for the first time in 2020 by 4,2 %, and after nine months of decline, turnover in selected market services also recorded a slight increase of 0,6 %. The turnover drop in construction slowed down, falling below 10 % after eight months. The development in information and communication (ICT) was worse, where turnover decreased in double digits for the second month in a row.

However, the full-year balance for most industries was mainly about quantifying declines compared to 2019. In industry, turnover decreased in total for the whole year by 9,4 %, in the most important production of manufacture of transport equipment the decline reached 12,1 %. In construction the decline was double-digit and in selected market services, the aggregate number for the year decreased by 5 %, while the consequences of the Covid-19 pandemic were most pronounced in the drop of turnover of travel agencies and offices, which closed the year with an overall decrease of turnover by 61,7 %.

Development in December 2020 compared to November 2020 1)

In December 2020 compared with the previous month, turnover rose in the majority of sectors, mostly in selected market services by 6,5 % and in construction by 4,9 %. It increased also in transportation and storage by 3,3 % and in information and communication by 2,2 %. Compared with November 2020, it dropped only in industry by 2,8 %.

Development in December 2020 compared to December 2019

Turnover growth in industry continued for the second month in a row after a long-term decrease. However, compared with November 2020, it slightly slowed down to 1,6 %. The year-on-year growth was reached in seven of the 16 monitored components of industry or special industrial groupings, most of which belonged to the more significant in terms of share.

The most significant increase of turnover was recorded in manufacture of transport equipment by 10,6 %, which was successful since July and showed the second best result in 2020. After a long-term decline, turnover in manufacture of metal rose for the second month in a row, although the growth rate slowed down to 2,4 % compared with November. Turnover in manufacture of food also increased by 3,8 %, while a growth was recorded after four months of decline. There was a change of the trend in manufacture of equipment n.e.c where turnover of enterprises rose for the first time in twenty months by 3,7 %. In manufacture of chemicals turnover rose by 9 %, year-on-year. The overall development was also influenced by a decrease in other manufacture by 14,9 %, in manufacture of electricity and gas by 4,5 %, in manufacture of computer, electronic and optical products by 9,9 %, in manufacture of wood products by 7,4 % and in manufacture of coke and refined petroleum products by 7,3 %.

A drop of turnover in construction did not stop even in the last month of 2020, but its pace significantly slowed down. The December decline by 5,9 % was the second slowest since March 2020, when the construction industry turned negative due to the pandemic.

Turnover in transportation and storage 2) ended the year 2020 in positive numbers, turnover started to grow again by 4,2 % after an annual decrease at the end of 2020. It increased mainly due to growth in warehousing and support activities for transportation by 5,3 %, which increased, as well as the total turnover, for the first time since December 2019. Growth was also supported by higher year-on-year turnover in postal and courier services by 14,9 % and in land transport and transport via pipelines by 2,2 %. In December 2020, turnover decreased only in the least significant activities, i.e. in air and water transport.

Although the decline in turnover in information and communication 3) mitigated compared with the previous month but it still exceeded 10 % for the second month in a row (in November 2020 it dropped to a double-digit number for the first time after four years). The December drop by 11,5 % was affected by lower turnover almost in all activities, of which the most significantly in telecommunications by 19 % and in computer programming by 8,1 %. Turnover rose year-on-year only in publishing activities.

In selected market services 4), turnover increased again in December 2020. Although the growth by 0,6 % was only very slight, it was the first growth of turnover after nine months of drop. Total turnover was mainly driven by the activities of gaming and betting offices, with year-on-year growth of almost one third (by 30,9 %), while they accounted for the second highest share in total turnover. In terms of share, the most significant office administrative, office support and other business support activities contributed to the overall growth by a year-on-year increase in turnover by 9,4 %. The largest decrease was in the activities of travel agencies and offices, the December drop was at the level of 60 %.

Development during the year 2020 compared to the corresponding period in 2019

In summary, in 2020, turnover in industry decreased by 9,4 % year-on-year. In the most important component of industry, in manufacture of transport equipment, turnover decreased by 12,1 % compared to 2019. There was also a significant decrease in the manufacture of metals by 9,6 %, manufacture of electricity and gas by 7,1 %, manufacture of machinery and equipment 10,3 %. On the contrary, the manufacture of chemicals was more successful, turnover increased by 3,1 % compared to 2019 and an increase by 1,8 % was also recorded in manufacture of pharmaceutical products.

Compared to 2019, turnover in construction decreased by 11,8 %. During 2020, it was higher year-on-year only in the first two months of the year and have been decreasing since March.

For the year 2020, turnover in transportation and storage decreased by 8 % due to a drop in the less significant activities in terms of share, i.e. in warehousing and support activities for transportation by 13,6 % and in land transport and transport via pipelines by 3,9 %. On the contrary, the postal and courier services were successful, with two exceptions remaining positive during 2020.

In 2020, turnover in information and communication decreased by 2,8 %, year-on-year. Compared with 2019, it rose only in computer programming, only slightly by 1,1 %, turnover in other activities was below the level of 2019.

In selected market services, turnover decreased by 5 % year-on-year in 2020, it developed unfavourably in the majority of activities, however, the consequences of the Covid-19 pandemic had the greatest impact on turnover of travel agencies and offices, which decreased by 61,7 % compared to 2019. On the contrary, the development in real estate activities was favorable, with one exception, turnover grew throughout 2020. The development was equally beneficial in activities of gaming and betting offices, whilst in 2020, the  turnover dropped for three months, but similarly for three months, it exceeded a quarter of the turnover volume in the corresponding period in 2019.

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) From seasonally adjusted data
2) 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
3) Section Information and communication activities includes the following divisions: publishing activities; motion picture, video and television program production, sound recording and music publishing activities; programming and broadcasting activities; telecommunications; computer programming, consultancy and related activities;
4) 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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