Slovakia: Industrial production growth accelerates in February
April 10, 2015
Industrial production increased 3.2% annually in February, marking an acceleration compared to the 2.1% growth tallied in January. The increase marked a seven-month high. According to the statistical office, February’s result reflected an increase in electricity, gas and air-conditioning supply, as well as in manufacturing and in mining and quarrying.
On a monthly basis, industrial production rose 0.5% in seasonally-adjusted terms in February, which contrasted the 0.1% decline tallied in January. Despite February’s increase, annual average growth in industrial production declined from 3.5% in January to 3.1% in February.
Author: Eric Denis , Economist