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Industrial production rose by 17.3 percent y-o-y in January

Industrial production in Slovakia grew by 17.3 percent year-on-year in January, with the rate of increase thereby slowing by 2.6 percentage points over the month, the Statistics Office announced on Tuesday, March 8. On a monthly basis, industrial production in January was up by 0.9 percent.

Industrial production in Slovakia grew by 17.3 percent year-on-year in January, with the rate of increase thereby slowing by 2.6 percentage points over the month, the Statistics Office announced on Tuesday, March 8. On a monthly basis, industrial production in January was up by 0.9 percent.

The increase was mainly due to a 20.4-percent rise in manufacturing output and 3.4-percent growth in supplies of electricity, gas, steam and cold air, the TASR newswire wrote. A boost for industrial output was provided by the production of means of transport, which soared by 51 percent in annual terms. In addition, the production of machines grew by 28.1 percent y-o-y, while production of metals and metal fabrications rose by more than 20 percent. Conversely, output in foodstuffs, drinks and tobacco products dropped by 4.7 percent compared to January 2010.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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