In June 2012 the industrial sector put up a positive performance just as it did in the previous month, the pace of growth however has declined marginally. Unadjusted and working day-adjusted industrial output both increased by 0.6 percent in June compared to the same period of the previous year, which was primarily due to the continued favourable performance of transport equipment manufacturing and the food industry. The seasonally and working day-adjusted monthly index declined by 2.2 percent.

Among the sectors of the national economy manufacturing output increased by 0.9 percent, production at the relatively less significant mining sector was up by 9.7 percent and energy output declined less than in the previous month by 4.6 percent in June 2012 in comparison to the corresponding period of the previous year.

Nine sub sectors within the manufacturing industry registered output growth: among the more significant sub sectors transport equipment manufacturing expanded by 13.1 percent due primarily to the highly dynamic output growth of 29 percent of the manufacturing of electrical and electronic equipment for motor vehicles. Production of food, beverages and tobacco products has also increased by 11.1 percent. On the other hand, similarly to the previous period, the largest factor which weighed down on total industrial production was the 6.1 percent decline of the manufacturing of computer, electronic and optical products. It has been a positive development, however, that in comparison to the previous month the pace of contraction slowed down and within this sub sector there are fields of substantial growth such as the manufacturing of electronic circuit boards and computers, as well as peripheral units. Among the sub sectors of median importance manufacturing of machinery and equipment needs to be pointed out which recorded annual output growth of 16.4 percent in the observed month.

As far as sales are concerned, industrial exports further accelerated by expanding by 6.2 percent in June 2012, which has been the consequence of the 15.5 percent vehicle manufacturing export growth and the 0.3 percent decline of imports of computer, electronic and optical products. Domestic sales were down by 1.9 percent in June 2012 compared to the level of the previous year. It has been a favourable piece of data regarding the future that total orders increased by 21.3 percent compared to the base of one year ago and total new orders of manufacturing sectors – due first and foremost to the 2.6 percent growth of new export orders – was higher by 1.6 percent.

(Ministry for National Economy)