INSTANT VIEW 2-Slovak Aug industrial output below fcast

...Statistics 
Office said on Monday. 
**************************************************************** 
 KEY POINTS: 
 INDUSTRIAL OUTPUT      AUG 07      AUG 07 FCAST 
 pct change yr/yr       +5.7         +10.5 
  
(For full table please click on ..... [ID:nPRG000521]) 
 
- Analysts surveyed by Reuters had expected industrial 
output to have risen by 10.5 percent on an annual basis in 
August  . 
- Manufacturing production, which has the strongest weighting in 
the index, rises 8.1 percent on the year in August, after a 13.5 
percent increase in the previous month. 
- Mining rises by 4.6 percent, after a 390.7 percent jump in 
July. 
- Production and distribution of electricity, gas and water 
falls 12.6 percent, compared with a 7.2 percent decline in July. 
- Within manufacturing output, car production rises by 12.4 
percent from a year ago, after a 49.0 percent growth in 
July. 
- The automotive industry is the main driver of Slovakia's 
economy. 
     
    EDUARD HAGARA, ANALYST, ING BANK, BRATISLAVA 
    "The slowdown was caused by annual holidays at car 
producers. It is a one-off phenomenon, and we expect industrial 
output to return to double digit growth again from September." 
     
    MARKET REACTION 
    The Slovak crown shows no reaction to industrial output 
data, trading flat at 33.770 per euro  as of 0715 GMT. 
     
LINKS: 
- For further details on August industrial output and other 
past data, Reuters 3000 Xtra users can click on the Slovak 
Statistics Office's website: 
    http://wwww.statistics.sk/webdata/english/index2_a.htm 
     
- For LIVE Slovak economic data releases, click on...... 
- Schedule of upcoming indicator releases............ 
- Summary of short-term economic data forecasts...... 
- Stories on Slovak currency moves........................[SKK/] 
- Slovak speed money guide .............................. 
- Slovak benchmark state bond prices ................. 
- Slovak forward money market rates .................... 
  
  

[BRATISLAVA/Reuters/Finance.cz]