Slovakia: Industrial production growth moderates in November
January 11, 2017
In November, industrial production grew 2.4% from the same month of the previous year, which followed the revised 3.3% expansion in October (previously reported: +3.4% year-on-year). According to the Statistical Institute, November’s weaker growth reflected a sharp drop in the mining and quarrying sector, which more than offset increases in the other two main sectors.
On a monthly basis, industrial production increased 1.0% in seasonally-adjusted terms in November. The print contrasted October’s 0.6% contraction. Annual average growth in industrial production decreased from 4.3% in October to 3.8% in November.
Author: Luis Lopez Vivas, Economist