Slovakia: Decline in industrial activity worsens significantly in November
Industrial output contracted 10.7% year on year in November (October: -2.6% yoy). The weak November reading was reportedly driven by lower output in the energy and mining and quarrying sectors. Moreover, the all-important transport sector contracted by almost 9%.
On a seasonally adjusted monthly basis, industrial output declined 1.0% in November (October: +1.3% mom). Meanwhile, the annual average variation of industrial production came in at minus 3.0% in November, down from Octobers minus 1.6%.