Slovakia's industrial output grew 21 percent year-on-year in April

Slovakia’s industrial production in April maintained its growth rate of approximately 20 percent that started at the beginning of the year. According to Slovakia’s Statistics Office industrial production grew by 21 percent year-on-year in April, which followed a 19.2 percent increase in March, the SITA newswire reported.

Slovakia’s industrial production in April maintained its growth rate of approximately 20 percent that started at the beginning of the year. According to Slovakia’s Statistics Office industrial production grew by 21 percent year-on-year in April, which followed a 19.2 percent increase in March, the SITA newswire reported.

The average for the first four months of the year was 20.4 percent y-o-y. The development in April was influenced by growth in industrial manufacturing of 23.7 percent, in supply of electricity, natural gas, steam and cooled air by 11.6 percent and in mining and extraction of raw mineral materials by 2.1 percent.

Production of capital goods increased from April 2009 by 53.4 percent and output of goods for intermediate consumption went up by 27.8 percent. Production related to the energy sector increased by 6.9 percent. Production of durable goods dropped by 9.7 percent while the output of short-term goods dropped 3.2 percent

In the first four months of 2010, industrial manufacturing reported an increase of 22.6 percent, supplies of electricity, natural gas and cooled air of 11.9 percent, and mining and extraction of mineral raw materials of 9.1 percent. Slovak industry is returning to positive figures following the steep downturn in the crisis year of 2009. The index of industrial output had dropped by 14.2 percent in 2009 in comparison with the previous year.

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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