Slovakia: Industrial production posts modest growth in December
February 10, 2015
Industrial production increased 0.7% in annual terms in December, which contrasted the 3.3% drop tallied in November. November’s drop marked the lowest reading in two years. According to the statistical office, December’s result reflected an increase in electricity, gas and air-conditioning supply, as well as in mining and quarrying. Conversely, manufacturing output declined compared to the same month last year.
On a monthly basis, industrial production rose 0.7% in seasonally-adjusted terms in December, which contrasted the 0.7% decline tallied in November. Despite December’s increase, annual average growth in industrial production declined from 4.5% in November to 3.5% in December.
Author: Cecilia Simkievich, Economist