Slovakia: Industrial output bounces back in November
Industrial production increased 4.3% year-on-year in November (October: -0.6% yoy). November’s rebound was largely due to a notable rebound in manufacturing output. In addition, mining and quarrying production contracted at a more moderate rate.
On a monthly basis, industrial output increased 3.5% in seasonally-adjusted terms in November, which was above October’s 3.3% expansion. Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 10.2%, up from October’s 10.0%.