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Slovakia Industrial production August 2023

Slovakia: Industrial output records quickest growth since December 2021 in August

Industrial output grew 4.7% year on year in August (July: -5.3% yoy). August’s print marked the best reading since December 2021. August’s notable pickup was partly driven by a notable rebound in manufacturing output.

On a monthly basis, factory output rose 4.5% in seasonally adjusted terms in August, contrasting July’s 2.5% fall and marking the best result since November 2021. Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 3.0% in August, up from July’s minus 3.3% reading.

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