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Slovakia Industry December 2020

Slovakia: Industrial output grows at sharpest rate in nearly two years in December

Industrial production expanded 6.8% in annual terms in December 2020, above November’s 2.2% increase and the fastest pace in nearly two years. December’s reading was largely attributed to a stronger expansion in manufacturing, and mining and quarrying output. Accordingly, the trend improved notably, with the annual average variation of industrial production coming in at minus 8.6%, up from November’s minus 9.7%.

Meanwhile, on a seasonally adjusted and month-on-month basis, factory output tumbled 0.3% in December, contrasting November’s 3.1% rise.

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