Slovakia: Growth in industrial production hits six-month low in May
July 10, 2015
Industrial production increased 1.3% annually in May, marking a deceleration compared to the 4.7% growth tallied in April. May’s print represented the weakest increase since November 2014. According to the statistical institute, May’s result reflected a drop in mining and quarrying. Growth in electricity, gas and air-conditioning supply and manufacturing decelerated in the same month.
On a monthly basis, industrial production rose 0.1% in seasonally-adjusted terms in May, which contrasted the 0.8% decrease tallied in April. As a result of the recent slowdown, annual average growth in industrial production fell from 3.7% in April to 3.4% in May.
Author: Eric Denis , Economist