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Turnover in selected sectors of economy in March 2023
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Turnover in selected sectors of economy in March 2023

Last update: 12.05.2023
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 12.05.2023

Turnover rose only in information and communication activities, industry slowed down the dynamics of its decline

Of the five monitored sectors of the economy in March 2023, turnover of four decreased year-on-year, the most significantly, by double digits, for selected market services. A decrease of over 5% was registered by construction and transportation with storage, industry ended up in negative values. Only information and communication activities maintained a stable double-digit turnover growth.

In March 2023, industry recorded a year-on-year turnover decrease by 0.5%, thus remaining  negative for the third consecutive month, but the dynamics of the decrease slowed down. The most important sector in the structure of the economy recorded a turnover decrease in the majority of the 16 sectors1). The total values were most significantly affected by the turnover decrease in the supply of electricity and gas by 41.2%, as well as in manufacture of rubber and plastic products by 11.6%. On the contrary, industry´s turnover was mainly supported by a quarter turnover growth in manufacture of transport equipment (by 27.4%) and a slight year-on-year increase in manufacture of machinery by 6.4%.

Even in selected market services in March 2023, turnover dropped by 10%, lower values than a year ago have been recorded for the third consecutive month. The result was mainly influenced by more than a third (by 35.7%) turnover decrease of administrative and other business support activities. A more significant decrease was prevented by the turnover growth in real estate and architectural and engineering activities. Turnover of the less significant activities of travel agencies increased again the most, by more than 50%, but they continued to lag significantly behind the pre-pandemic values.

In March 2023, turnover of transportation and storage enterprises dropped by 5.4% year-on-year, reaching negative values after more than a year. It was primarily due to the turnover decrease of the most significant components in terms of volume - land transport including transport via pipeline, dropped by 11.9%, after a long period of growth, the slowdown was also manifested in warehousing and supporting activities, whose turnover dropped by 2.8%.

Even in March 2023, information and communication activities maintained a double-digit year-on-year turnover increase, currently by 11%, thereby making it the industry with the most stable long-term growth. Computer programming, the strongest in terms of volume, had the most significant share in the overall positive result, with a year-on-year turnover increase by 11.8%, and slightly smaller telecommunications, with a growth by 10.7%.

Turnover in construction reached a year-on-year decrease by 3.1%, and after two months of high growth, it returned to negative values in March 2023.

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Development in March 2023 compared to February 2023

After seasonal adjustment, month-on-month turnover increased in 4 out of the 5 monitored sectors of the economy, most significantly in information and communication by 1.4%, and in selected market services by 1.3%. Turnover in industry increased by 0.5% and in transportation and storage by 0.2%. Only the turnover of construction, dropped by 5.6% month-on-month.

Development in the first three months of 2023

In total for the first quarter of 2023, turnover increased the most year-on-year in information and communication by 11.1%. A growth was also recorded in construction by 7.6% as well as in transportation and storage by 4.4%. On the contrary, the cumulative year-on-year turnover decline  was achieved by selected market services by 9.3% and industry, in which turnover dropped by 2.2% in the first quarter.

  • 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.

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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  • Statistical Office of the SR
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  • 840 05 Bratislava 45
  • Slovak Republic
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