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Industrial growth a record high 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 this indicator started being monitored in 1999.

Analysts agreed that the growth is largely due to increases in the auto manufacturing sector.

In December 2006, the auto industry's output was recorded as a massive 73 percent higher than December 2005, the SITA news agency wrote.

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

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