INSTANT VIEW 2-Slovak Nov ind output rise below fcast

    Slovak industrial output rose 
by a real 9.8 percent year-on-year in November, slowing from an 
11.1 percent increase in October, Slovak Statistics Office said 
on Thursday. 
  
 KEY POINTS: 
 INDUSTRIAL OUTPUT      NOV 06     OCT 06     NOV 05 
 pct change yr/yr        9.8        11.1       5.8 
 
- Analysts surveyed by Reuters had expected industrial 
output to have risen by 11.8 percent on an annual basis in 
November  . 
 - Manufacturing production, which has the strongest weighting 
in the index, rises 13.0 percent on the year in November, down 
from a 14.7 percent increase in the previous month. 
 - Mining up by 1.7 percent, after an 8.0 percent drop in 
October. 
 - Production and distribution of electricity, gas and water 
falls by 9.1 percent, compared with a 9.8 percent drop in 
October. 
 - Within manufacturing output, car production surges by 51.2 
percent from a year ago, after a 40.9 percent jump in 
October. 
 - The automotive industry is the main pillar of Slovakia's 
economy. 
     
    ANALYST COMMENTS: 
    MARIA VALACHYOVA, SENIOR ANALYST, SLOVENSKA SPORITELNA 
    "It is in line with our forecasts. The number was influenced 
by a base effect of the previous year, but it is in line with 
the trend. 
    "We could see such a growth pace in the next few months, 
because of auto industry output, but also due to production in 
the engineering and electric industries." 
 
    MARKET REACTION: 
    The crown  was slightly weaker after the data, 
influenced mainly by a separate release of a wider-than-expected 
foreign trade deficit. The unit was at 34.515 to the euro as of 
0815 GMT, compared with 34.490 earlier in the session. 
 
    LINKS: 
- For further details on November 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 
     
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 ((For past economic data and analysts' forecasts, double click 
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  (Reporting by Martin Santa in Bratislava) 
  ((Editing by Alan Crosby; bratislava.newsroom@reuters.com; 
Reuters Messaging: martin.santa.reuters.com@reuters.net; +421 2 
5341 8402)) 
  Keywords: SLOVAKIA ECONOMY/OUTPUT  
    

[BRATISLAVA/Reuters/Finance.cz]