BRATISLAVA, May 10, (WEBNOVINY) — Slovak industry continues to gain momentum. After ten months, production in industry in March returned to double-digit growth rate in year-on-year terms when it grew by 12.1 percent. In February, the growth rate was 8.4 percent. The high growth rate is mainly attributable to industrial manufacturing itself, which in March, after an adjustment for the number of working days, grew by 14.7 percent, while mining and quarrying recorded only modest growth of 1.7 percent, and supply of electricity, gas, steam and cooled air decreased again, this time by 2.4 percent, reported the Statistics Office of the Slovak Republic on Thursday.
Traditionally, the manufacturing of transport equipment contributed most to growth of industrial production in March, with growth by 42 percent. Output grew also in manufacturing of machinery and equipment not classified elsewhere by 16 percent, production of metals and metal structures except machinery and equipment by 8.1 percent, manufacturing of textiles, apparel, leather and leather products by 8.7 percent and in manufacturing of electrical equipment by 9.4 percent. On the other hand, output fell in particular in manufacturing of coke and refined petroleum products by 9.3 percent and in manufacturing of basic pharmaceutical products and pharmaceutical preparations by 30.3 percent.
On average over the first quarter, industrial production index grew by 7.7 percent year-on-year, of which in industrial manufacturing by 9.7 percent, in mining and quarrying by 0.7 percent. Production of electricity, gas, steam and cooled air was lower by 2.8 percent.
SITA
