August´s turnover was lower in industry and in transportation, in construction the decline was again by a double-digit

Turnover in August ended in decline in 3 out of 5 monthly monitored sectors of the economy. After last month's growth, turnover in industry and transportation and storage dropped, while construction continued to lag behind last year´s results. A growth was maintained only in selected market services and in information and communication activities.

Turnover in industrial enterprises¹⁾²⁾, the largest sector of the economy, in August 2024 decreased by 8.1% year-on-year (in constant prices), it was the third most significant decrease this year. Among the 16 monitored industrial sectors¹⁾, up to 13 recorded a year-on-year lower turnover.

August´s turnover in selected market services²⁾ rose by 9.4% year-on-year, growing at a rate above 9% for the third time this year. 

Transportation and storage enterprises recorded a slight turnover decrease  by 0.5%, the second time this year.

Turnover in information and communication activities²⁾ increased by 1.4% year-on-year, but the growth rate slowed down significantly.

In August 2024, the turnover²⁾ of construction enterprises dropped by more than 11% year-on-year, a double-digit decline was recorded for the second time in the current year. Lower turnover have persisted in the construction industry for the past twelve months.

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Development in August 2024 compared to July 2024

Turnover in a month-on-month comparison (after seasonal adjustments) decreased in all 5 sectors – in selected market services by 2.2%, construction by 4.6%, industry by 1.2%, transportation and storage enterprises by 1.1 % and in information and communication activities by 0.1%.

Development in the first eight months of 2024

In total, for the first eight months of 2024, turnover increased year-on-year in selected market services by 7.4%, information and communication activities by 5.2% and in transportation and storage by 2%. On the contrary, cumulative turnover dropped by 7.3% in construction and by 3.6% in industry.