Slovakia industrial production falls fifth month

Automotive

Photo by Alessia Pierdomenico/Shutterstock.com

Slovakia industrial production declined for the fifth month in a row in December, data from the Slovak Statistical Office (SÚSR) shows. 

Photo by Alessia Pierdomenico/Shutterstock.com

Industrial production fell a working day adjusted 7.1% year-on-year in December, following a 4.4% decrease in November.

Manufacturing output also fell for a fifth straight month, down 8.5% annually in December. Output in electricity, gas, steam and air conditioning sector fell 1.7%, while that of mining and quarrying increased 9.7%.

On a monthly basis, industrial production declined 1.4% in December. In 2019, industrial production rose 0.4% from the prior year.

In a separate statement, the Bratislava-based statistics agency said that construction output in Slovakia fell 4.2% from a year earlier in December 2019, after declining 10.5% in the previous month.

On a seasonally adjusted monthly basis, construction output went down 4.2%, following a 3.8% fall in the prior month. Considering 2019 as a whole, construction production declined 3.3% compared to 2018, SÚSR said on February 10.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.