Slovak Annual Industrial Output Falls in July
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Industrial production in Slovakia slumped by 6.4% from a year earlier in July, following a 5.7% decrease in the previous month, data from the Slovak Statistical Office (SÚSR) showed on Friday.
The decline was mainly due to falls in electricity, gas and steam supply activity (-29.1%) and manufacture of metals and fabricated metal products (-7.5%).
On the contrary, repair of machinery and equipment (14.9%) and manufacture of electrical equipment (5.3%) increased.
On a seasonally adjusted monthly basis, industrial output rose by 1.2% in July.
In a separate report the Bratislava-based agency said that construction output in Slovakia rose by 1.8% from the previous year in July, after a downwardly revised 3.9% drop in the previous month.
On a seasonally adjusted monthly basis construction output rose by 3.1%.
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