Growth in Slovakia’s industrial output falls to 16.8 percent in July

The growth rate of industrial output in Slovakia decelerated in July to 16.8 percent from June’s 23.5 percent, according to data from the country’s Statistics Office, the SITA newswire reported. The Statistics Office stated that there was 21.5 percent growth in industrial manufacturing and a 0.3 percent growth in supplies of electric energy, gas, steam and cooled air but that output declined by 7.1 percent in mining and extraction of mineral raw materials.

The growth rate of industrial output in Slovakia decelerated in July to 16.8 percent from June’s 23.5 percent, according to data from the country’s Statistics Office, the SITA newswire reported. The Statistics Office stated that there was 21.5 percent growth in industrial manufacturing and a 0.3 percent growth in supplies of electric energy, gas, steam and cooled air but that output declined by 7.1 percent in mining and extraction of mineral raw materials.

With the exception of the production of coke and other crude oil refined products which decreased 10.7 percent year-on-year and the production of wooden and paper products and printed materials, which dropped 1.9 percent, all other industrial sectors reported an increase in production in July.

Production of computers, electronic and optical devices saw the best improvement at 58.1 percent. The Statistics Office also reported a 50.7 percent increase in production of unclassified machinery and equipment and a 48.2 percent rise in the production of transport means. The production of metals and metallic structures, except for machinery and equipment, increased 4.4 percent and other production, repairs, and installation of machines and equipment jumped by 21.2 percent.

Production of durable goods jumped sixty percent in annual terms while production of capital goods increased 43.9 percent, output of goods for intermediate consumption went up 4.9 percent, and production of short-term goods rose 4.5 percent. Production related to the energy sector slumped 3.4 percent.

After taking seasonal influences into account, industrial output in July shrank by twelve percent from June of this year. The index of industrial output has grown 21.3 percent in comparison with 2009 since the beginning of the year.

Source: TASR

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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