Slovakia: Decline in industrial activity worsens in October
Industrial output dropped 2.6% year on year in October (September: -1.9% yoy). The steeper fall was driven by a deterioration in manufacturing output. That said, energy output contracted at a softer pace.
On a seasonally adjusted monthly basis, industrial output increased 1.3% in October (September: -0.7% mom). Meanwhile, the annual average variation of industrial production came in at minus 1.6% in October, down from Septembers minus 1.5%.