Slovakia: Industrial output rebounds notably in April
Industrial production expanded 4.2% year-on-year in April, strongly contrasting March’s sizeable 2.0% contraction. The rebound came on the back of an over 5% expansion in manufacturing and modest growth in mining and quarrying, and was weighed down by a drop in electricity, gas, steam and air-conditioning supply. Strong increases in the manufacture of transport equipment, machinery and equipment and in the manufacture of rubber and plastic products drove the manufacturing sector’s positive performance.
After adjusting for seasonal effects, industrial production increased 0.2% in month-on-month terms, following March’s slightly stronger 0.3% increase.
Meanwhile, annual average growth in industrial output rose from an over one-year low of 1.8% in March to 2.5% in April.