Slovakia: Growth in industrial production moderates further in August
Industrial production expanded 2.1% year-on-year in August, marginally down from July’s 2.2% increase. Growth came on the back of a healthy expansion in manufacturing, which more than offset contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Strong increases in the manufacture of transport equipment, and of basic metal and fabricated metal products, drove the manufacturing sector’s positive performance.
After adjusting for seasonal effects, industrial production increased 0.9% in August, contrasting July’s 0.8% drop.
Meanwhile, annual average growth in industrial output edged up from July’s 2.1% to 2.3% in August.