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Growth of Slovakia’s industrial output accelerated slightly in April

The growth rate of industrial output in Slovakia sped up slightly in April. As the Slovak Statistics Office (ŠÚ) reported on Monday, June 10, after adjustments for work days, industrial output in April was higher by 2.2 percent than a year ago, while in March, after an update, industrial output grew by 1.3 percent.

The growth rate of industrial output in Slovakia sped up slightly in April. As the Slovak Statistics Office (ŠÚ) reported on Monday, June 10, after adjustments for work days, industrial output in April was higher by 2.2 percent than a year ago, while in March, after an update, industrial output grew by 1.3 percent.

From individual components of industry, annualised growth was highest in mining and quarrying by 2.6 percent, followed by industrial manufacturing by 2.2 percent and production of electricity, supply of gas, steam and cooled air increased by 1.6 percent. However, on a monthly basis, after a seasonal adjustment, industrial production in April compared to March actually fell by 1.9 percent, the SITA newswire quoted the ŠÚ.

In industrial manufacturing in April, production increased of transport equipment by 4.7 percent, manufacturing of electrical equipment by 32.8 percent, textiles, apparel, leather and related products by 27.1 percent. The volume of production decreased mostly in so-called other manufacturing, repair and installation of machinery and equipment by 16.1 percent, and in manufacturing of basic pharmaceutical products and pharmaceutical preparations by 52 percent. Over the first four months of 2013, the industrial production index grew year-on-year by 2.7 percent. Output in mining and quarrying decreased by 3 percent, SITA wrote.

(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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