Slovakia: Industrial production decelerates further in April
June 11, 2014
Industrial output grew 5.0% over the same month last year in April, which was below the 5.9% expansion tallied in March and represented the lowest gain in eight months. According to the statistical office, April’s expansion was driven by an increase in the manufacture of transport products as well as basic metal and fabricated metal products. The overall deceleration compared to March, however, was caused by a reduction in output of coke and refined petroleum products and in the output of textiles, apparel, leather and related products.
On a monthly basis, industrial production rose 0.6% in seasonally-adjusted terms, which was up from the 0.2% increase tallied in March. The upward trend continued in April, with annual average growth in industrial production improving slightly from 6.5% in March to 6.6%, which marked the highest value since March 2013.