Slovakia: Industrial production growth accelerates in December
February 10, 2017
In December, industrial production grew 3.0% from the same month of the previous year, which marked an acceleration from November’s 2.4% expansion. According to the Statistical Institute, December’s improvement was broad-based as it reflected increases in all three major categories. The electricity, gas and air-conditioning category grew at the fastest pace, followed by mining and quarrying, while manufacturing came last.
On a monthly basis, industrial production increased 0.4% in seasonally-adjusted terms in December. The print followed November’s 1.0% growth. Annual average growth in industrial production decreased from 3.7% in November to 3.5% in December, the lowest figure in five months.
Author: Luis Lopez Vivas, Economist