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BUSINESS IN SHORT

Industrial orders up 10.1 pct in May

NEW INDUSTRIAL orders in Slovakia grew at a double-digit pace of 10.1 percent in May, with the Statistics Office reporting that this indicator increased 11.9 percent year-on-year to €3.271 billion. The increase in May followed a 9.3-percent year-on-year increase in April and a 10.1-percent year-on-year increase in March, the SITA newswire reported.

NEW INDUSTRIAL orders in Slovakia grew at a double-digit pace of 10.1 percent in May, with the Statistics Office reporting that this indicator increased 11.9 percent year-on-year to €3.271 billion. The increase in May followed a 9.3-percent year-on-year increase in April and a 10.1-percent year-on-year increase in March, the SITA newswire reported.

New industrial orders grew in May by 2.3 percent from April. Since the beginning of the year this indicator increased by 15.4 percent to €15.787 billion. During 2009 new industrial orders fell 19.9 percent year-on-year to €27.157 billion but began gradually recovering last year.

In 2010, new industrial orders grew 26.6 percent year-on-year to €34.028 billion.

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