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 |
Related Articles
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Druzhba oil flow to Slovakia and Hungary is renewed
The oil flow from the Russian Druzhba pipeline was renewed late on August 19. “The flow of oil to Slovakia is standard at the moment,” the country’s Minister of Economy Denisa Saková (Hlas) ... more
US Westinghouse could develop electricity storage site near Slovak Gabčíkovo hydroelectric power plant
US power company Westinghouse is reportedly in talks with the Slovak government to develop a new type of electricity storage site near the Gabčíkovo hydroelectric power plant (HPP) on the Danube ... more