Sales decline in Slovak industry slowed in June

Sales of Slovak industrial companies in June were 21 percent lower than in the same period a year ago, reaching €4.647 billion. Though they continued lagging behind last year's sales, the negative tendency slowed from the 26.3 percent reported for May, the SITA newswire wrote.

Sales of Slovak industrial companies in June were 21 percent lower than in the same period a year ago, reaching €4.647 billion. Though they continued lagging behind last year's sales, the negative tendency slowed from the 26.3 percent reported for May, the SITA newswire wrote.

The June result was the second lowest y-o-y drop after March, when sales in industry were 17.4 percent lower. A moderate revival of production is behind the moderate improvement of sales in June, the Slovak Statistics Office reported last week.

This was caused in part by the car industry, where the y-o-y fall in production eased by over 12 percentage points to 30.7 percent. Analysts ascribed this improvement to the fact that carmakers produced without production breaks in June, SITA wrote. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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