Slovak industry saw double-digit growth rate in December

INDUSTRY in Slovakia in December 2013 again grew at a double-digit rate. The data of the Statistics Office show that industrial production in the last month of 2013, excluding the impact of working days, achieved growth of 12.2 percent year-on-year, slowing from 12.6 percent in November. This was only the second double-digit growth rate of the Slovak industry over the past year and one of the highest monthly growth rates in recent years, the SITA newswire reported.

INDUSTRY in Slovakia in December 2013 again grew at a double-digit rate. The data of the Statistics Office show that industrial production in the last month of 2013, excluding the impact of working days, achieved growth of 12.2 percent year-on-year, slowing from 12.6 percent in November. This was only the second double-digit growth rate of the Slovak industry over the past year and one of the highest monthly growth rates in recent years, the SITA newswire reported.

On average over the past year, industry grew by 5.2 percent. In monthly terms after seasonal adjustment, industrial production in December 2013 compared to November 2013 fell by 1.2 percent.

Industry in December was mainly driven by industrial manufacturing, where annual growth compared to November accelerated from 14.6 percent to 16.5 percent. Growth in mining and quarrying was 7.4 percent. Overall numbers were adversely influenced by production in electricity, gas, steam and cooled air, which decreased by 6.8 percent compared to December 2012.

Growth in industrial production was most influenced by a rising output of transport equipment by 25.9 percent, manufacturing of basic metals and metal products except machinery and equipment by 18.8 percent, manufacturing of electrical equipment by 49.6 percent, other manufacturing, repair and installation of machinery and equipment by 27.9 percent and in manufacturing of rubber, plastics and other non-metallic mineral products by 14.2 percent.

The volume of production decreased only in the manufacturing of coke and refined petroleum products by 18.1 percent and in manufacturing of basic pharmaceutical products and pharmaceutical preparations by 38.4 percent.

Source: SITA

Compiled by Michaela Terenzani from press reports
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Teachers trust conspiracy media, they think the government is not handling the pandemic well

One-third of teachers think the coronavirus vaccination is a preparation for implanting chips, recent poll shows.

The school in Trenčianske Stankovce.

News digest: Security Council will meet to discuss nationwide testing

Overview of news from Monday, October 19, 2020.

PM Igor Matovič announcing some details about nationwide testing on October 18.

PM wants to test everyone, Kotleba already positive in neo-Nazism

Nationwide testing is less utopian than the blackout but it is driven by the same ambition.

PM Igor Matovič shows the antigen testing kit that should be used in the nationwide testing project in Slovakia.

The best concert I have ever heard was in Bratislava, says Dutch ambassador

Ambassador Henk Cor van der Kwast cycles with Slovakia's mayors and loves the Slovak capital for its rich music history.

Dutch Minister of Foreign Affairs Stef Blok, centre, with the Embassy team, including Ambassador Henk Cor van der Kwast, left of the minister, on March 15, 2019.