Slovakia: Industrial output grows at fastest pace since May 2019 in November
January 11, 2021
Industrial production rebounded 2.2% in annual terms in November, contrasting October’s 2.6 drop, and logging the best reading since May 2019. November’s upturn was largely attributed to rebounding manufacturing output.
On a monthly basis, factory output grew 3.1% in seasonally-adjusted terms in November, swinging up from October’s 1.1% contraction. Accordingly, the trend improved further, with the annual average variation of industrial production coming in at minus 9.7%, up from October’s minus 10.2%.
Author: Alexandros Petropoulos,