Spectator on facebook

Spectator on facebook

Confidence indicator for industry at second highest level this year

THE CONFIDENCE indicator for industry in Slovakia achieved its second highest level of this year at 13.3 points in October when it gained 7.3 points on the September figure.

All the components that make up the confidence figure positively influenced its development. The demand for industrial products is rising significantly; inventories of finished products are decreasing, and production over the next three months is expected to grow. The results were published in the economic outlook survey for industry that the Slovak Statistics Office released on October 27.

After two months of decline, the evaluation of the trend for industrial production development over the next three months took on an upward tendency. Almost half of all respondents, particularly those from the automotive, the wood processing, the metallurgy and metal processing industries, expect production to grow, SITA wrote.

More than three-quarters of respondents consider the current demand for their production to be sufficient and 16 percent see it as more than sufficient. These are specifically respondents from the branches of coke and refined crude oil products as well as from mining. Demand is viewed as insufficient by respondents from the textile and food processing industries.

Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

Austrian Ambassador: The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.