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            

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