Slovakia’s new industrial orders rise 10.5% y/y in October 2013

By bne IntelliNews December 13, 2013

The total value of new orders in the Slovak industry increased 10.5% y/y to EUR 4.02bn in October 2013, speeding up from a 7.9% y/y rise in September, data from the statistics office showed.

New orders in the vehicles manufacturing industry, which accounts for almost half of total orders, rose 10.4% in October, accelerating from a 5.5% annual growth in the previous month. Slovakia hosts car plants run by Germany’s Volkswagen, France’s PSA Peugeot-Citroen and South Korea’s Kia Motors.

The manufacture of computers, electronics and optics, the second most important sector for Slovakia’s export-oriented economy, recorded a 5.9% annual increase in October after contracting by 5.9% y/y in September.

On a monthly basis, seasonally-adjusted industrial orders rose 0.3% in October, following a 4.3% growth in September.

For the first ten months of the year, the value of new industrial orders rose 1.9% y/y to EUR 35.7bn.

  Oct-13, EUR mn Oct-13, y/y change Sep-13, y/y change Oct-13, m/m change Sep-13, m/m change 2012, y/y change
Industry, total 4,024.1 10.5% 7.9% 0.3% 4.3% 13.1%
Manufacture of textiles 22.8 6.7% 18.1% -3.4% 1.5% 6.4%
Manufacture of wearing apparel 22.0 13.2% 22.3% -1.3% 4.9% -3.8%
Manufacture of paper and paper products 94.3 -0.7% -3.7% 3.7% 1.1% 11.4%
Manufacture of chemicals and chemical products 155.2 -20.6% -8.9% -4.3% 7.3% -5.4%
Manufacture of pharmaceutical products and  preparations 15.7 -43.2% -40.4% -3.7% -4.5% -3.7%
Manufacture of basic metals 321.5 6.2% 11.1% -6.2% 5.2% 8.8%
Manufacture of fabricated metal products, except machinery and equipment 285.1 29.7% 18.9% 8.1% 7.6% 10.3%
Manufacture of computer, electronic and optical products 639.2 5.9% -5.9% 6.8% 5.6% -0.8%
Manufacture of electrical equipment 259.4 20.0% 16.3% 0.8% 2.4% 4.1%
Manufacture of machinery and equipment 326.1 43.7% 48.8% -1.4% 10.5% -0.5%
Manufacture of motor vehicles, trailers and semi-trailers 1,860.2 10.4% 5.5% -0.2% 2.4% 26.5%
Manufacture of other transport equipment 22.6 -12.5% 211.1% -25.9% 35.6% 0.0%
Source: Statistical Office of the Slovak Republic            
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

How Ukrainian grain wrecked the Polish grain market

The Polish grain market has been thrown into disarray by cheap Ukrainian grain that sent prices plummeting in April, causing Warsaw to impose a five-month ban, backed up by the European Commission. ... more

Slovak OFZ aims to move part of production to Uzbekistan

Metallurgical company OFZ plans to transfer part of its production from Slovakia to Uzbekistan, The Slovak Spectator has reported. The ferroalloy production company from Oravsky Podzamok has ... more

EBRD 2023: EBRD, EU and ILX to co-operate to boost private-sector finance in Emerging Europe

The European Bank for Reconstruction and Development (EBRD), the European Union, and ILX Management, an emerging market asset manager, have joined forces to enhance private-sector finance in Emerging ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss