NewsCase StudiesEvents

Industry grew again in December

Also in the news...

Hundreds of Scottish businesses set to benefit as UK launches trade deal with Gulf nations

The landmark deal is expected to add at least 270 million a year to the Scottish economy, with food and drink and renewable energy businesses set to benefit.

Multi-year UAE business licenses highly discounted

Running throughout the summer, Charterhouse Lombard is offering cost-effective setup packages with the option of buying a multi-year license at a significant discount. Get in touch with us today to ask about:

Joint Statement on UK-Thailand Joint Economic and Trade Committee

A Joint Statement between the United Kingdom and Thailand concluding the first Joint Economic and Trade Committee

UK-Andean countries trade agreement

Documents containing treaty information and a summary of the UK-Andean countries trade agreement.

UK pledges support to help Ukraine rebuild post conflict

The International Trade Secretary hosts high-level talks on how the international community can help rebuild Ukraine after the conflict.

Industry grew again in December

Back to News

INDUSTRY in Slovakia in December 2013 again saw double-digit growth. The data of the Statistics Office show that industrial production in the last month of 2013, excluding the impact of working days, grew 12.2 percent year-on-year, slowing from 12.6 percent in November. This was only the second double-digit growth rate of the Slovak industry over the past year and one of the highest monthly growth rates in recent years, the SITA newswire reported.

On average, industry grew 5.2 percent over the past year. In monthly terms, after seasonal adjustments, industrial production in December 2013 compared to November 2013 fell by 1.2 percent.

Industry in December was mainly driven by industrial manufacturing, where annual growth compared to November accelerated from 14.6 percent to 16.5 percent. Growth in mining and quarrying was 7.4 percent. Overall numbers were adversely influenced by production in electricity, gas, steam and cooled air, which decreased by 6.8 percent compared to December 2012.

Growth in industrial production was most influenced by a rising output of transport equipment by 25.9 percent, manufacturing of basic metals and metal products except machinery and equipment by 18.8 percent, manufacturing of electrical equipment by 49.6 percent, other manufacturing, repair and installation of machinery and equipment by 27.9 percent and in manufacturing of rubber, plastics and other non-metallic mineral products by 14.2 percent.

17 Feb 2014 Compiled by Spectator staff Business

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.