Slovakia: Growth in industrial production decelerates further in January
March 11, 2016
Industrial production expanded 1.6% annually in January, following the revised 6.0% increase tallied in December (previously reported: +8.2% year-on-year). According to the statistical institute, January’s result, which marked a three-month low, reflected a deceleration in manufacturing output and steeper declines in both mining and quarrying as well as the electricity, gas, steam and air conditioning supply category.
On a monthly basis, industrial production in January fell 1.2% in seasonally-adjusted terms. The print followed the 0.5% decrease tallied in December. As a result of the deceleration observed in the last few months, annual average growth in industrial production fell from 7.1% in December to 6.5% in January.