Slovakia: Industrial activity contracts at sharper pace in May
Latest reading: Industrial production dropped 4.1% year on year in May (April: -0.4% yoy). Looking at the details of the release, manufacturing output swung to contraction in May, as U.S. car tariffs likely drag on production. Additionally, output growth eased significantly in mining and quarrying. That said, energy production declined at a softer pace.
Meanwhile, annual average industrial production growth fell to 0.4% in May (April: +0.6%), signaling a worsening trend in the industrial sector.