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|
|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|
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
Slovakia’s grain harvest is this year likely to amount to 2.5mn tonnes, 20% down year on year, but comfortably enough to cover domestic needs and leave a million tonnes for export, SITA newswire ... more
Medium-term economic growth forecasts for Central Europe and the Baltics have been raised by The Vienna Institute for International Economic Studies (wiiw) in a report issued on June 29. The most ... more