Spectator on facebook

Spectator on facebook

June's industrial production slows; foreign trade maintains surplus

The growth rate of industrial production in Slovakia decelerated in June, as data from the Statistics Office reported by the SITA newswire noted that industrial production in Slovakia in June increased by 4.9 percent year-on-year compared with 10.7 percent in May.

The growth rate of industrial production in Slovakia decelerated in June, as data from the Statistics Office reported by the SITA newswire noted that industrial production in Slovakia in June increased by 4.9 percent year-on-year compared with 10.7 percent in May.

The growth in Slovakia's industrial output in June was the slowest since November 2009. Industrial production rose by a monthly average of 9.8 percent in the first half of 2011.

Slovakia's foreign trade continued to generate a surplus for the sixth month in the row, with the Statistics Office reporting that exports in June exceeded imports by €207 million, representing the highest monthly surplus this year.

But the June figures showed a slowdown in the growth dynamics of both exports and imports. Exports recorded the slowest y-o-y growth since November 2009, with 11.4 percent y-o-y growth in June to €4.675 billion in comparison to growth in May of over 20 percent. Imports grew at the slowest pace since January 2010. In June they exceeded the level from a year ago by 10.1 percent and reached €4.468 billion. In May imports grew 19.4 percent.

Six-month exports were up by 20 percent y-o-y to €27.328 billion and imports in that period grew 19.9 percent to €26.494 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.

Top stories

UPDATED: Slovakia’s Kuzmina wins Olympic gold Video

The Slovak biathlete dominates the 12.5km race at this year’s Winter Olympic Games in PyeongChang.

Anastasiya Kuzmina

Slovakia ends last in its preliminary group Photo

Slovenia defeated the Slovak team on shootouts.

Slovak archaeologists discover a key to understanding the Maya

Revolutionary laser technology has changed the view of current knowledge about the ancient Mayas. Slovak experts' findings are part of a major breakthrough in Maya archaeology.

Slovaks participate in a major breakthrough in Maya archaeology.

Will Kiska run for president?

Media reports suggest that Andrej Kiska will not run again. How does the situation look one year ahead of presidential election?

President Andrej Kiska