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Slovakia Industry September 2019

Slovakia: Contraction in industrial production eases in September

Industrial production fell 2.5% year-on-year in September, following August’s 8.1% plunge, which had marked the lowest reading since July 2016. A breakdown by sub-components revealed a slump in manufacturing output drove September’s contraction. On the other hand, both mining and quarrying output and utilities supply recorded expansions.

After adjusting for seasonal effects, industrial production rebounded 0.3% month-on-month in September (August: -2.6% month-on-month, seasonally adjusted).

Meanwhile, annual average growth in industrial output dropped from 3.6% in August to 2.9%, marking the softest print since March 2018.

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