Spectator on facebook

Spectator on facebook

Acceleration in industrial production growth surprising, but good, say analysts

Analysts were surprised by an acceleration in the increase (11.5 percent) of industrial production in February, but interpreted it as a positive development. It suggests that export-oriented industrial sectors are still doing well in Slovakia. Growth in February was faster by three percentage points than in January, while it was also faster (by 0.7 percent) than the average increase in the last quarter of 2007, VÚB Bank analyst Martin Lenko told the TASR newswire.

Analysts were surprised by an acceleration in the increase (11.5 percent) of industrial production in February, but interpreted it as a positive development. It suggests that export-oriented industrial sectors are still doing well in Slovakia. Growth in February was faster by three percentage points than in January, while it was also faster (by 0.7 percent) than the average increase in the last quarter of 2007, VÚB Bank analyst Martin Lenko told the TASR newswire.

Eduard Hagara from ING Bank said that the slower dynamics in December 2007 and January of this year were caused by the holiday breaks in the production facilities. Slovak economic growth should thus continue, supported by both exports and domestic demand.

Results from March of the industrial trust indicator, according to Lenko, point to further industrial growth. “We expect growth in overall industrial production to remains high in March as well, somewhere around 10.5 percent," he added. TASR

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4