Slovakia: Growth in industrial production hits a five-month high in April
June 10, 2016
Industrial production rose 7.2% annually in April, contrasting the 1.4% decrease tallied in March. According to the Statistical Institute, April’s result, which marked a five-month high, reflected a rebound in manufacturing output. Conversely, the contraction in mining and quarrying deepened in the same month, while the electricity, gas, steam and air conditioning supply category dipped into the red.
On a monthly basis, industrial production rose 3.0% in seasonally-adjusted terms in April. The print contrasted the 2.3% decrease tallied in March. As a result of the weak readings observed in the last few months, annual average growth in industrial production declined from 4.6% in March to 4.4% in April, which represented the lowest print in over two years.