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BUSINESS IN SHORT

Industrial sales grow in May

INDUSTRIAL sales in Slovakia continued their upward trend with growth in May of 8.1 percent compared with the same month last year and at a higher pace than the 6.6 percent recorded in April, the SITA newswire wrote, based on data from Slovakia’s Statistics Office. Industrial sales amounted to €6.962 billion in May.

INDUSTRIAL sales in Slovakia continued their upward trend with growth in May of 8.1 percent compared with the same month last year and at a higher pace than the 6.6 percent recorded in April, the SITA newswire wrote, based on data from Slovakia’s Statistics Office. Industrial sales amounted to €6.962 billion in May.

The May sales growth was influenced primarily by 33.8-percent growth in sales of transportation products, such as automobiles, and 9.3-percent growth in sales of computer, electronic and optical devices. Sales also increased by 9.5 percent in maintenance and installation of machinery and devices, by 4.5 percent in foods, beverages and tobacco products and by 1.1 percent in production of metal structures. Sales dropped in production of coke and refined oil products by 36.5 percent and in production of chemicals and chemical produces by 12.8 percent, SITA wrote.

Over the first five months of 2012 sales in industry increased by 8.3 percent to €34.285 billion while sales by construction firms dropped 12.9 percent to €2.493 billion. Industrial sales in 2011 were over €77 billion and had grown by 10.8 percent from 2010.

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