Slovakia: Industrial production growth moderates in July
September 11, 2014
Industrial output in July grew 4.4% over the same month last year, which came in below the 7.6% expansion tallied in June and represented the lowest gain since April. According to the statistical office, July’s expansion was driven by increases in the manufacture of basic metal and fabricated metal products as well as of electrical and transport products. These expansions more than offset a drop in the output of coke and refined petroleum products and in the output of chemical products.
On a monthly basis, industrial production rose 0.2% in seasonally-adjusted terms, which represents a deceleration compared to June’s 0.6% expansion. The upward trend remained in place in July, with annual average growth in industrial production rising from 6.7% in June to 6.8%, thus marking the highest value since March 2013.