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.
