Industrial output slump softens in August

August figures on industrial output were a pleasant surprise following months of year on year declines. Data released by the Slovak Statistics Office on October 8 showed that industrial output shrank 5.7 percent y-o-y in the eighth month of 2009, the SITA newswire reported.

August figures on industrial output were a pleasant surprise following months of year on year declines. Data released by the Slovak Statistics Office on October 8 showed that industrial output shrank 5.7 percent y-o-y in the eighth month of 2009, the SITA newswire reported.

This is the best result this year and the softest decrease since October 2008. Analysts had predicted a softer decrease but had still estimated the decrease to be over ten percent. A 14.2-percent drop in production related to supplies of electric power and natural gas and a 4.2-percent decline in industrial manufacturing were behind the decrease in August. Output in mining and exploration went up by 0.9 percent.

Most fields of industrial manufacturing saw declines. The production of electrical devices shrank the most, by 21.7 percent. Production of machines and devices slumped 20.1 percent. Production of textiles, clothing, leather and leather products went down by 15.2 percent. IT, electronic and optical products grew in August by 66.8 percent. Eight months into 2009, total industrial output is 19.9 percent lower than the previous year. 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.

Top stories

Vast damage after the supercell storm in southern Moravia.

Tornado damaged villages just across the Slovak borders

Czech authorities report three dead and hundreds of injured in southern Moravia region.


1 h
A man waits outside a mobile Covid-19 vaccination centre outside Bolton Town Hall, England, where case numbers of the Delta variant have been relatively high.

How to change people's minds about vaccination? Experts hesitant that money is the answer

The state fears a third wave may hit hard in poorly vaccinated districts. The state should try whatever could work, analyst claims.


17 h
The Weekend of Open Parks and Gardens has became a popular event in Slovakia

Pandemic highlights the importance of parks and gardens

Parks and gardens across Slovakia will open during the Weekend of Open Parks and Gardens


17 h
Marian Kocner and his lawyer at the Supreme Court

The wrong way to put things right

Overturning not-guilty verdicts, especially in cases as emotive as the Kuciak murder trial, is a very bad idea.


21 h