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

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.

The increasingly rare wood grouse is being driven out of Slovakia's forests

Foresters plant too many trees in bare areas destroying the natural habitat of western capercaillie (Tetrao urogallus).

Wood grouse

Automation is finding its way

Autonomous vehicles and process connections through Logistics 4.0 are the biggest trends in Slovakia.

Online retailer Amazon opened its new returns centre in Sereď in mid-November.