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ECONOMIC BRIEFS

Industrial production index down 1.8% in April

According to data from the Statistical Office of the Slovak Republic, the industrial production index in Slovakia in April was 98.2% of last year's monthly average. Development of the respective index was influenced by a 4.5% drop in industrial output, a 16.1% increase in the raw materials extraction, and a 7% growth in the production and distribution of power, gas and water. This information comes from the Statistics Office's economic development report for four months of 1999.

Almost all the branches of industry failed to reach their output level from the average month of 1998, except pulp and paper production, publishing and press, coke and refined crude-oil products, and transport facilities production.

April sales of the industrial sector accounted for 52.6 billion crowns, up 0.5% y/y. The growth reflects increase in revenues from industrial production (0.5%), the production and distribution of electricity, gas and water (6.5%), and decrease in revenues in raw materials extraction (20.9%). Four months into 1999 sales of the industrial sector were 2.9% higher than in the same period last year.

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