Nearly half of Slovakia's major industrial companies saw a rise in production in May, a survey conducted by the Slovak Statistical Office showed on May 26.
Conducted among 316 companies, which account for 69% of the country's industrial output, the poll found that 43% of companies saw a rise in production in May, while 24% of them registered a decline and 33% experienced no change.
The participating companies cited low domestic and foreign demand, competition from abroad, difficulties in obtaining funds and the unstable economic environment as the main barriers to further output increases.
Around 32% of the companies polled said they expected an increase in production in the June to August period, while 21% said their production would fall in the next three months. Significant output increases were expected in the production of motorcycles and metal structures, in the wood processing industry and in the production of television and radio sets.
In the next three months, 12% of companies expect domestic demand to rise while around 19% said they expected a decline. A rise in exports was expected by 36% of the companies, while 22% expected a decline.
4. Jun 1998 at 0:00 | Reuters