Slovakia: Industrial production accelerates in February
April 11, 2016
Industrial production in February expanded 7.4% annually, following the revised 1.7% increase tallied in January (previously reported: +1.6% year-on-year). According to the statistical institute, February’s result, which marked a three-month high, reflected an acceleration in manufacturing output, a rebound in the electricity, gas, steam and air conditioning supply category as well as a softer drop in mining and quarrying.
On a monthly basis, industrial production in February rose 2.4% in seasonally-adjusted terms. The print contrasted the 1.1% decrease tallied in January. As a result of the deceleration observed in the last few months, annual average growth in industrial production fell from 6.5% in January to 6.2% in February, which represented the lowest print in nearly two years.