New industrial orders jump by one-third in Slovakia in February

The volume of new industrial orders in Slovakia continued to grow at a significant pace in February and the Slovak Statistics Office reported that new industrial orders swelled by 32.3 percent y-o-y to €2.561 billion, compared with an increase of 24.6 percent in January, the SITA newswire reported.

The volume of new industrial orders in Slovakia continued to grow at a significant pace in February and the Slovak Statistics Office reported that new industrial orders swelled by 32.3 percent y-o-y to €2.561 billion, compared with an increase of 24.6 percent in January, the SITA newswire reported.

After adjusting for seasonal influences, new industrial orders in February 2010 increased by 5.8 percent from January 2010. In January, they had decreased by 4.2 percent month-on-month.

In yearly terms, new production orders in the transport sector rose by 140.1 percent in February and orders in metal production and processing rose by over 70 percent. Manufacturers of motor vehicles, semi-trailers and trailers reported a 51.7 percent increase in the volume of new orders to over €1 billion.

Orders in the sector of computer, electronic and optical products went up 21.5 percent to €565.7 million. On the other hand, the textiles industry, paper and paper products production, and the production of metallic structures reported a yearly decline in new orders.

In monthly terms, seasonally adjusted data show that new orders grew most in the pharmaceutical industry, by 51 percent. In 2009, a year strongly marked by negative impacts of the global economic crisis, new industrial orders in Slovak industry fell by 19.9 percent y-o-y to €27.156 billion.

Source: 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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