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Turnover in selected sectors of economy in July 2023
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Turnover in selected sectors of economy in July 2023

Last update: 14.09.2023
ilustratívny obrázok/illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 13.09.2023

Turnover in industry began to decline again, the long-term stability of growth was recorded only in information and communication

In July, within the five monitored sectors of the economy, turnover rose year-on-year in information and communication activities, but it also started to grow again in construction. Turnover in industry returned to negative values after the recovery in June. Turnover in selected market services, as well as in transportation and storage, decreased at a similar year-on-year rate.

Industry, as the most important sector in the structure of the economy, recorded a year-on-year decrease of turnover by 8.7% in July 2023. After a turn to growth in June, it thus returned to the trend of declines that were recorded in the first five months of the current year. A real decline in turnover (in constant prices) was reflected in 11 of the 16 monitored industrial sectors1). The overall development was most significantly influenced by a year-on-year decrease in turnover in electricity and gas supply by 48.2%, in manufacture of rubber and plastic products by 21.4%, in manufacture of metals by 9.4% and in manufacture of transport equipment by 2%. A more significant decrease in turnover stopped almost 100% year-on-year growth in turnover in manufacture of coke and petroleum products.

Turnover of selected market services decreased by 8.3% year-on-year, while lower values than a year ago were recorded for the seventh consecutive month in July 2023. The negative result was primarily influenced by administrative and other business support activities with a 23.3% year-on-year drop in turnover, as well as significant activities of head offices with a 17.8% drop. For the second consecutive month, turnover of activities of travel agencies also fell. It was by 6.9% lower than a year ago, but slightly up compared to the "pre-pandemic" year of 2019. The highest year-on-year increase in turnover by 20.6% was recorded by services to buildings.

In July 2023, turnover decreased year-on-year in transportation and storage enterprises by 8.2%. It continued the negative values from June and at the same time achieved the worst result in more than three years. The overall decline in the sector was the result of a significant decrease in turnover in the strongest land transport and transport via pipeline by 12.9%. The second largest in terms of volume, warehousing and support activities for transportation, were also in negative numbers and declined by year-on-year 2.8%.

Information and communication activities continue to maintain a high rate of turnover growth for a long time, with a year-on-year increase by 13.2% in June 2023. Again, computer programming, the strongest in terms of volume, contributed most significantly to the overall positive result, with a year-on-year turnover growth by 23.9%.

In July 2023, construction companies achieved realized turnover by 3.7% higher than a year ago.

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Development in July 2023 compared to June 2023

After seasonal adjustment, turnover dropped month-on-month in 3 out of 5 monitored sectors of the economy. It decreased most significantly in industry by 3.9%. Turnover in transportation and storage dropped by 3.4%, in selected market services it was lower by 2.4% than in June. On the contrary, it increased month-on-month in construction by 0.8%, as well as in information and communication activities by 0.3%.

Development for the first seven months of 2023

In total, for the first seven months of 2023, turnover increased the most year-on-year in information and communication activities by 11.5%. Turnover growth was also recorded in construction by 2.2% and transportation and storage by 0.2%. The year-on-year turnover decline in selected market services deepened to 10.3%, and in industry dropped by 2.6%.

  • 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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