Industrial production index up in October

THE INDUSTRIAL production index (IPI) rose by 2.7 percent year-on-year in October. Its development was affected mostly by the growth in manufacturing by 3.2 percent. It, however, dropped in electricity, gas, steam and air-conditioning supply by 0.7 percent, and in mining and quarrying by 0.3 percent, the Statistics Office (ŠÚ) informed on December 10.

THE INDUSTRIAL production index (IPI) rose by 2.7 percent year-on-year in October. Its development was affected mostly by the growth in manufacturing by 3.2 percent. It, however, dropped in electricity, gas, steam and air-conditioning supply by 0.7 percent, and in mining and quarrying by 0.3 percent, the Statistics Office (ŠÚ) informed on December 10.

The increase of the total industrial production was affected by the growth in the manufacture of basic metals and fabricated metal products except machinery and equipment by 13.5 percent y/y; manufacture of electrical equipment by 27.2 percent y/y; other manufacture, repair and installation of machinery and equipment by 19.6 percent y/y; manufacture of coal and refined petroleum products by 16.9 percent y/y; manufacture of machinery and equipment by 4.3 percent y/y; and the manufacture of food, beverages and tobacco products by 1.7 percent y/y. The volume of production dropped in the manufacture of transport equipment by 2.7 percent y/y and in manufacture of computer, electronic and optical products by 7.5 percent y/y.

In terms of the main industrial groupings, the increase was recorded in the production of intermediate goods by 9 percent y/y and production related to energy by 0.8 percent y/y. Production of non-durable consumer goods was lower by 1.5 percent y/y, production of investment goods by 0.6 percent y/y and production of durable consumer goods by 0.5 percent y/y.

After seasonal adjustment, industrial production in October grew by 1 percent compared to the previous month.

On average, over the first 10 months of 2014, IPI grew by 4.4 percent y/y, of which in manufacturing by 6.2 percent, and mining and quarrying by 3.4 percent. Production was lower in electricity, gas, steam and air-conditioning supply by 8.3 percent.

Source: Statistics Office website

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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

Opposition fails to recall Education Minister Lubyová

The reason was the dubious distribution of the state's stimuli for science and research.

Education Minister Martina Lubyová (SNS nominee)

Foreigners in Slovakia promote the ice hockey world championship

In videos, they tell fans from abroad that Slovakia has much to offer.

Mascot of 2019 IIHF Ice Hockey World Championship Slovakia, bear Macejko.

Caregiver Dušan, a breadwinning father working in Austria, will earn €6,000 less this year

The Austrian government has cut down child benefits for Slovak parents working in Austria if their children live in Slovakia. The European Commission regards the measure to be discriminatory.

The Valach family

Nine judges left the Constitutional Court. How will it work?

The court now has only four active judges and has published new work schedule.

Constitutional Court in Košice