Slovakia: Growth in industrial production eases in October
November 10, 2015
Industrial production expanded 4.1% annually in October, following the 7.2% increase tallied in September. According to the statistical institute, October’s result reflected a deceleration in manufacturing output. On the other hand, growth in electricity, gas, steam and air conditioning supply was stronger in October, while the decline in mining and quarrying was less pronounced.
On a monthly basis, industrial production in October declined 0.3% in seasonally-adjusted terms. The print contrasted the 2.2% increase tallied in September. Despite October’s year-on-year slowdown, annual average growth in industrial production rose from 4.0% in September to 4.2%.