Industrial sales in Slovakia grew by nearly 25 percent year-on-year in June

Industrial sales in Slovakia amounted to €5.662 billion in June which is 24.2 percent more than a year ago, according to data of the Statistics Office (ŠÚ) that were reported by the SITA newswire.

Industrial sales in Slovakia amounted to €5.662 billion in June which is 24.2 percent more than a year ago, according to data of the Statistics Office (ŠÚ) that were reported by the SITA newswire.

The y-o-y growth rate, however, was less in comparison with May 2010 in which sales had grown by 27.4 percent. The figures show that apart from production of coke and refined crude oil products, which reported a drop of 19.1 percent, mining and extraction, which fell 13 percent and water supplies and waste water treatment going down 6.1 percent, sales in other branches were higher than a year ago.

The most significant contribution to overall sales growth in June was made by production of computers, electronic and optical products, which went up 79.9 percent. Production of machines and equipment not classified elsewhere went up by 36.7 percent, production of metals and metal structures, apart from machines and equipment, jumped by 34.8 percent and production of transport means increased by 25.8 percent. Electricity, gas, steam, and cool air production increased by 15.3 percent in June.

Over six months of this year, sales in industry reached €32.1 billion and were 21.1 percent higher that a year ago. The fastest growth rate was in sales of means of transport at 39.4 percent. Sales dropped y-on-y in mining and extraction by 10.2 percent and production of coke and refined crude oil products by 6 percent. Sales continue to decline in construction. In June, they were 4.7 percent lower than a year ago at €813.8 million, the SITA newswire wrote. In the first half of 2010 construction sales fell 9.9 percent to €3.603 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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