Spectator on facebook

Spectator on facebook

Slovakia’s industrial output hits double-digit growth in March

Growth in Slovakia’s industrial sector continued to gain momentum and in March it returned to double-digit figures on an annual basis as it grew by 12.1 percent compared to March 2011. The growth rate was 8.4 percent in February, the SITA newswire reported.

Growth in Slovakia’s industrial sector continued to gain momentum and in March it returned to double-digit figures on an annual basis as it grew by 12.1 percent compared to March 2011. The growth rate was 8.4 percent in February, the SITA newswire reported.

Slovakia’s Statistics Office said the high growth rate can be attributed mainly to the manufacturing sector which had growth of 14.7 percent in March while mining and quarrying recorded only modest growth of 1.7 percent and supply of electricity, gas, steam and cooled air decreased again, this time by 2.4 percent.

Manufacturing of transport equipment contributed the most to the growth of industrial production in March, spiking by 42 percent.

Over the first quarter of 2012, Slovakia’s industrial production index grew by 7.7 percent year-on-year, with manufacturing increasing by 9.7 percent and mining and quarrying increasing by 0.7 percent. Production of electricity, gas, steam and cooled air was 2.8 percent lower in the first quarter compared with 2011.

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

Impressive archaeological site revealed under planned Bratislava ring road Photo

Archaelogists uncover the region's most extensive discovery of the past 80 years.

The discovery close to Podunajské Biskupice

Police deal with increasing number of bomb threats

By the end of May 2017, there were 44 cases of false alarms; for the whole of 2016, there were 54 such cases.

Košice courts were searched for bomb on November 30, with nothing found.

Strike at Volkswagen could prompt others Photo

The recent strike at the biggest carmaker in Slovakia may serve as a lesson for some, trade unionists in other companies agree.

Fico complains about unfair football rules Photo

But he has been silent about other scandals connected with football players.

l-r: Adam Zreľák, Robert Fico, Robert Kaliňák and Pavel Hapal