Slovakia's industry sales growth decelerates to 10.7% y/y in April 2011.

By bne IntelliNews June 13, 2011
Slovakia's industry sales rose by 10.7% y/y to EUR 6.3bn in April 2011, slowing down from a revised 14.5% annual growth in the previous month, the statistics office reported. The slow-down could be largely attributed to the base effect from 2010, when the country started to recover from the crisis. Manufacturing sales, accounting for 82.4% of all sales, jumped by 11.2% y/y mainly on the back of a 23.6% y/y rise in the sales of transport equipment, which have a 26% share in manufacturing sales. The other main sectors in terms of turnover were basic metals that collapsed by 5.62% y/y and rubber and plastic products that increased by 12.9% y/y. Sales of computer products posted its first growth this year, climbing by 7.4% y/y. Food production sales accelerated further to 15.4% y/y after a 6.1% y/y rise in the previous month. On the other hand, coke manufacturing fell by 2.6% y/y in April after a 1.4% y/y drop in March. Sales in the electricity supply sector grew by 8.6% y/y, but the water supply sector faced a 3.8% y/y drop. Mining was up by 5.13% y/y.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss