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Record high industrial growth at 9.9 percent in 2006

INDUSTRIAL output in Slovakia rose by a record 9.9 percent in 2006, according to data published yesterday by the Statistics Bureau. This is the highest rate of growth since the indicator started being monitored in 1999.

Analysts agreed that increases in automotive sector production in Slovakia were the positive data.

In December 2006, the output of the car industry rose by a massive 73 percent over the same month in 2005, the SITA news agency wrote.

According to analysts, the automotive sector will continue growing rapidly in the coming months. Combined with the expected growth in the electro-technical industry, overall industrial output should continue to grow at around 10 percent in 2007.

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