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Slovak industrial orders rise 15.6 percent year-on-year in May

New orders in Slovakia’s industrial sector in May showed the fastest growth this year according to the Statistics Office, with new orders reaching €3.663 billion in May, an acceleration to 15.6 percent annual growth compared to April's 14.9 percent growth, the SITA newswire reported.

New orders in Slovakia’s industrial sector in May showed the fastest growth this year according to the Statistics Office, with new orders reaching €3.663 billion in May, an acceleration to 15.6 percent annual growth compared to April's 14.9 percent growth, the SITA newswire reported.

The last time that new orders last grew at a faster pace was in February 2011, SITA wrote. In monthly terms, new orders in May increased by 2.5 percent from April and in April they had risen by 1 percent.

Since the beginning of 2012, new industrial orders have grown by 13.3 percent year-on-year to €17.326 billion. Following a steep decline during 2009 when they fell by nearly 20 percent to €27.2 billion, industrial orders started to revive in 2010. In 2010 they had annual growth of 26.6 percent to over €34 billion. In 2011, they rose by 8.3 percent to €37.2 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.

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