BUSINESS IN SHORT

Industrial production up in October

INDUSTRIAL production in Slovakia rose by 6.8 percent year-on-year in October, as a result of the 9-percent rise in industrial manufacturing, according to the Statistics Office data. Production dropped in electricity, gas, steam and air-conditioning supply by 7.2 percent y/y, and in mining and quarrying by 2.6 percent y/y. After seasonal adjustments, industrial production rose by 0.4 percent compared to September.

INDUSTRIAL production in Slovakia rose by 6.8 percent year-on-year in October, as a result of the 9-percent rise in industrial manufacturing, according to the Statistics Office data. Production dropped in electricity, gas, steam and air-conditioning supply by 7.2 percent y/y, and in mining and quarrying by 2.6 percent y/y. After seasonal adjustments, industrial production rose by 0.4 percent compared to September.

Total industrial production rose annually mostly thanks to increases in the manufacturing of electric equipment (by 63.6 percent), vehicles (7.7 percent), and metals and metal constructions, except for machines and equipment (18.2 percent). Moreover, the manufacturing of rubber, plastic and other non-metallic mineral products rose by 11.7 percent y/y, and the manufacturing, repair and installation of machinery and equipment rose by 16.9 percent y/y, the Statistics Office informed.

On the other hand, the volume of production dropped in annual terms in the manufacturing of coke and refined petroleum products by 23.7 percent, basic pharmaceutical products and preparations by 53.3 percent, and chemicals and chemical products by 13.6 percent.

Over the first 10 months of 2013 the index of industrial production grew by 3.8 percent y/y, while industrial manufacturing grew by 4.8 percent.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

So blue! Slovakia has another record in UNESCO

It is not easy to create a perfect blueprinted fabric.

Russia expels Slovak military diplomat

He must leave the country within 48 hours.

Illustrative stock photo

Slovak airports have unused potential

But several obstacles prevent their growth.

The Transport Ministry will receive more funds from the 2019 budget to support the development of airports in Slovakia.

How can we improve the integration of foreigners in Bratislava?

Municipalities recognise there is a lack of outreach on the part of administrators to foreigners, but the problem goes both ways.

Several foreigners attended the latest round table hosted by the Human Rights League.