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Turnover in selected sectors of economy in April 2024
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Turnover in selected sectors of economy in April 2024

Last update: 13.06.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 13.06.2024

Turnover in industry started to increase again, the most significant growth was recorded in selected market services

April´s turnover increased in 4 out of 5 monthly monitored sectors of the economy. Industry´s turnover rose for the first time this year, by almost double digits, selected market services reached the ten percent mark. Turnover in transportation and storage, as well as in information and communication, increased. Only turnover in construction remained in negative values.

Industry1)2), as the largest sector of the economy, increased by 9.1% year-on-year (in constant prices) in April 2024, increasing again after five months of decline. Among the 16 monitored industrial sectors1), 11 recorded higher turnover values.

April´s turnover in selected market services2) increased by 10% year-on-year, which almost doubled their growth compared to March 2024. In transportation and storage enterprises, after the stagnation in March, the turnover growth was activated again and increased by 7.1% year-on-year.

In April, turnover of construction enterprises2) decreased by 0.4% year-on-year, which was the slowest rate of decline in the last eight months.

Turnover in information and communication activities2) rose by 8.3% year-on-year, so after a significant slowdown in March, it stabilized their growth rate again in April 2024.

Image – Graph

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Development in April 2024 compared to March 2024

Turnover also rose in a month-on-month comparison (after seasonal adjustment) in most sectors, most significantly in construction by 5.5% and in industry by 5.2%. A growth was also recorded in enterprises operating in information and communication activities by 1.8%, as well as in selected market services by 0.6%. Lower turnover than in March was recorded only by the transportation and storage sector, by 0.7%.

Development in the first four months of 2024

In total, for the first four months of 2024, turnover increased year-on-year in selected market services by 6.6%, in information and communication activities by 6.3%, and in transportation and storage by 2.9%. On the contrary, cumulative turnover dropped by 6.1% in construction and by 2.8% 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:

The Statistical Office of the Slovak Republic implemented a methodological change - a transition to a new base period (from 2015 to 2021) from the publication of data for January 2024. This change also affected indicators of industrial production. In order to monitor the data over a long period of time, the data were recalculated to a new base in the entire time series – 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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  • Slovak Republic
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