INSTANT VIEW 2-Slovak Sept industrial output above fcast

...the Slovak 
Statistics Office said on Thursday. 
**************************************************************** 
 KEY POINTS: 
 INDUSTRIAL OUTPUT     SEPT 07      SEPT 07 FCAST 
 pct change yr/yr       +15.4         +11.1 
  
(For full table please click on ..... [ID:nBSD000048]) 
 
- Analysts surveyed by Reuters had expected industrial 
output to have risen by 11.1 percent on an annual basis in 
September  . 
- Manufacturing production, which has the strongest weighting in 
the index, rises 17.5 percent on the year in September, after a 
8.1 percent increase in the previous month. 
- Mining rises by 2.5 percent, after a 4.5 percent increase in 
August. 
- Production and distribution of electricity, gas and water 
falls 2.4 percent, compared with a 2.2 percent decline in 
August. 
- Within manufacturing output, car production rises by 52.2 
percent from a year ago, after a 12.5 percent growth in 
August. 
- The automotive industry is the main driver of Slovakia's 
economy. 
     
ANALYST COMMENTARY: 
    SILVIA CECHOVICOVA, ANALYST, CSOB BANK, BRATISLAVA 
    "Industrial production picked up after the holiday season at 
the largest exporters ended, and this is mainly seen in figures 
for transportation vehicles, which accelerated again. 
    "Other important sectors, such as machine and electronic 
industries, rose faster as well. 
    "I think the numbers will remain good in the coming months. 
On the other hand, we should keep in mind there was quite a high 
base from last year, especially in the category of 
transportation vehicles. But growth should still remain in 
double digits. 
    "We can probably expect good foreign trade numbers 
tomorrow." 
     
    MARKET REACTION: 
    The Slovak crown  showed no reaction to the data, 
trading flat at 33.180 per euro. 
     
LINKS: 
- For further details on September 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...... 
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- Slovak forward money market rates .................... 
    (Reporting by Peter Laca; Editing by Alan Crosby) 
  
  
  Keywords: SLOVAKIA ECONOMY/OUTPUT  
    

[BRATISLAVA/Reuters/Finance.cz]