Slovakia: Industrial production picks up again in May
July 10, 2014
Industrial output grew 6.1% over the same month last year in May, which exceeded the 5.0% expansion tallied in April and represented the largest gain in three months. According to the statistical office, May’s expansion was driven by an increase in the manufacture of transport products and basic metal and fabricated metal products, which more than compensated for a decline in the output of coke and refined petroleum products and in the output of food, beverages and tobacco products.
On a monthly basis, industrial production rose 0.7% in seasonally-adjusted terms, which was up marginally from the 0.6% increase tallied in April. The upward trend remained in place in May, with annual average growth in industrial production rising from 6.6% in April to 6.9%, thus marking the highest value since February 2013.