Spectator on facebook

Spectator on facebook

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.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).