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Turnover in selected sectors of economy in August 2024
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Turnover in selected sectors of economy in August 2024

Last update: 14.10.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 14.10.2024

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.

image – graph

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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.

  • 1) structure of industry according to the Statistical Classification of Economic Activities, SK NACE Rev. 2 consists of three sections - Mining and quarrying, Manufacturing and Electricity, Gas, Steam and Air conditioning Supply. Manufacturing is further divided into 13 manufacturing industries, or individual industrial groupings
  • 2) Due to the change of the methodology - transition to a new base period (from 2015 to 2021), the entire time series of data was recalculated from the publication of data for January 2024 – more in the document Change of the base period and the classification according kind-of-activity units (PDF - 183 kB).

Outputs on the topic Turnover in selected industries:

Together with the publication of the data for January 2024, the entire time series were recalculated in connection with the adopted adjustment of the methodology. More in the document Change of the base period and the classification according to kind-of-activity units (PDF - 183 kB).

Since 2022, selected market services include business entities that are classified into the divisions 68 to 82 according to the main economic activity of SK NACE. Due to decreasing the burden of the business environment, data are not available on turnover for subjects classified into SK NACE divisions 85 to 96. Turnover therefore do not include information for education (SK NACE division 85), arts, entertainment and recreation, including gaming and betting activities (SK NACE divisions 90 - 93). Also, turnover of enterprises for other activities (SK NACE 95 and 96) to which they belonged among others laundry and dry cleaning, hairdressing and beauty treatment, funeral services, well - being services and other services of predominantly personal nature.

Data source: DATAcube. database:

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