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Turnover in selected sectors of economy in November 2023
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Turnover in selected sectors of economy in November 2023

Last update: 12.10.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 12.01.2024

In November, turnover of industry returned to a decline, it currently exceeded the level of 7%

Out of the five sectors of the economy monitored monthly, turnover again declined in three important sectors of the Slovak economy - in industry, selected market services, and in transportation and storage.

Industry, as the most important sector in the structure of the economy, achieved a year-on-year decrease in turnover of 7.6% in November and recorded the second worst result since the beginning of 2023. Among 16 sectors of industry1), up to 10 recorded a year-on-year decline in turnover (in constant prices). The most significant impact had a decrease in electricity and gas supply by 21.9%, in manufacture of transport equipment by 6% and in manufacture of metals by 13.4%. A decrease in turnover of the whole sector was mainly moderated by a growth in manufacture of coke and petroleum products by 44.9%, in manufacture of machinery and equipment by 6.3%, as well as in manufacture of wood products by 8%.

In November, turnover of selected market services decreased year-on-year by 6.5%, the decline in this sector has continued since the beginning of 2023. The negative result was mostly affected by a year-on-year decrease in turnover in advertising and market research by 25%, as well as in office administrative and support activities by 10.4%. On the contrary, turnover significantly increased in real estate activities by 10.3%.

In November 2023, turnover of transportation and storage companies dropped year-on-year by 9.8%, thus returning to the downward trend after a slight increase in October. The overall negative result was affected by a decrease in turnover in the strongest land transport, including transport via pipeline, by 3.2%, as well as in the second-strongest warehousing and support activities for transportation, which declined by 21.2%.

Construction enterprises recorded a year-on-year increase in turnover of 1.9% in November 2023, growing for the second consecutive month.

Turnover in information and communication activities continued to rise and in November 2023 they were higher by 15.4% year-on-year. The long-term increase in the strongest computer programming contributed to the result, which was currently higher by almost a quarter. The year-on-year increase in turnover of telecommunications by 7.2% was also significant.

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Development in November 2023 compared to October 2023

After adjusting for seasonal effects, turnover decreased month-on-month in 3 out of 5 monitored sectors of the economy, most significantly in industry by 3.6%, in transportation and storage by 2.2%, in construction by 0.4%. In November, turnover rose, or rather stagnated, in selected market services by 0.1%, and it recorded an increase in information and communication activities by 2.2%.

Development for the first eleven months of 2023

In total, for the first eleven months of 2023, turnover decreased year-on-year in three of the five monthly monitored sectors of the economy, most significantly in selected market services by 8.1%. Turnover in industry were also behind year-on-year by 3.1%, in transportation and storage by 2%. On the contrary, construction recorded a slight growth of 2%, cumulative turnover in information and communication activities increased by 12%.


  • 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.
  • The data on industry, as well as transportation and storage, have been revised from 2009 based on the correction of erroneously supplied data from reporting units.
  • The data of the sector of turnover in selected market services has been revised as of 2022 based on the supply of new data and corrections of erroneously supplied data from the reporting units.

Outputs on the topic Turnover in selected industries:

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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  • Slovak Republic
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